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1-11 Queen St 10,256 sq ft Retail Property Amble NE65 0BX £625,000 (£60.94/sq ft) 7.61% Net Initial Yield
Investment Highlights
- Town Centre supermarket.
- The property occupies a prominent position on the corner of Queen Street and High Street in the centre of Amble
- The town is benefiting from the tourist boom currently
Executive Summary
Town Centre supermarket, new letting to Heron Foods Limited who have shareholder’s funds of £101m.
Located in a busy tourist town with new housing developments.
Instructed to seek offers in excess of £625,000 which reflects a net initial yield of 7.61% after deduction of 5.12% purchaser costs.
Located in a busy tourist town with new housing developments.
Instructed to seek offers in excess of £625,000 which reflects a net initial yield of 7.61% after deduction of 5.12% purchaser costs.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Local Shop
Property Size
10,256 sq ft
Costar Property Class
B
Year Built
1988
Price
£625,000
Price per sq ft
£60.94
Yield
7.61%
NOI
£47,563
Tenancy
Single
Number of Floors
2
Plot ratio
0.87
Total Plot Size
0.27 ac
1 1
Nearby Major Retailers
1 of 2
Videos
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Photos
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Map
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1-11 Queen St
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