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222 Westgate Rd 661 sq ft Retail Property Newcastle Upon Tyne NE4 6AE £405,000 (£612.71/sq ft) 8.48% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Adjacent to The Helix; a major city centre regeneration project
- Newcastle is a two University city with a student population in excess of 50,000
- Value-add opportunities through development
EXECUTIVE SUMMARY
Retail and residential investment opportunity located in Newcastle city centre
Offers in excess of £405,000 (exclusive of VAT) reflecting a net initial yield of 8.48% assuming standard purchasers’ costs.
Offers in excess of £405,000 (exclusive of VAT) reflecting a net initial yield of 8.48% assuming standard purchasers’ costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
661 sq ft
Costar Property Class
B
Year Built
1955
Price
£405,000
Price per sq ft
£612.71
Yield
8.48%
NOI
£34,344
Tenancy
Single
Number of Floors
4
Plot ratio
0.27
Total Plot Size
0.06 ac
Frontage
16 ft on Westgate Road
AMENITIES
- Security System
- Roller Shutters
- Storage Space
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NEARBY MAJOR RETAILERS
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222 Westgate Rd
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