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102A Newbottle St 1,295 sq ft 100% Let Retail Property Houghton Le Spring DH4 4AJ £90,000 (£69.50/sq ft) 13.55% Net Initial Yield
Investment Highlights
- Fully let mixed-use commercial investment
- First floor let to a hairdressers at £6,240 per annum
- EPC rating C for both units
- Ground floor let to a barbers at £7,308 per annum
- Ground floor includes kitchenette and WC
Executive Summary
The property is a fully let mixed-use commercial investment located on Newbottle Street, Houghton-le-Spring, Tyne and Wear, DH4 4AJ. It comprises two self-contained commercial units with long-standing tenants, including a ground floor barbers producing £7,308 per annum and a first floor hairdressers producing £6,240 per annum. The asset is offered with immediate rental income from completion and first-floor fixtures and fittings owned by the vendor are included in the sale.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,295 sq ft
Costar Property Class
C
Year Built
1900
Price
£90,000
Price per sq ft
£69.50
Yield
13.55%
NOI
£12,195
Occupancy Rate
100%
Number of Floors
2
Plot ratio
0.86
Total Plot Size
0.03 ac
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Nearby Major Retailers
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102A Newbottle St
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