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162 Northumberland St 8,355 sq ft Retail Property Newcastle Upon Tyne NE1 7PR £2,825,000 (£338.12/sq ft) 8.50% Net Initial Yield
Investment Highlights
- Well configured retail unit with return frontage onto busy arterial throughfare
- The property is adjacent to Haymarket Metro station, providing access to surrounding Tyne & Wear area
- Extremely prominent position located on the corner of Northumberland Street and St Mary’s Place
Executive Summary
Prime Retail Investment Opportunity - Offers in excess of £2,825,000 (8.5% NIY).
Internally the accommodation is split over the basement, ground, first and second floors, with the building extending in total to 8,355 sq ft. The ground floor is split to provide
the main banking hall with ancillary counter and staff accommodation, with the basement currently used for ancillary and storage purposes, with the upper two floors
split into a number of offices for staff, training and ancillary accommodation.
Internally the accommodation is split over the basement, ground, first and second floors, with the building extending in total to 8,355 sq ft. The ground floor is split to provide
the main banking hall with ancillary counter and staff accommodation, with the basement currently used for ancillary and storage purposes, with the upper two floors
split into a number of offices for staff, training and ancillary accommodation.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Property Size
8,355 sq ft
Costar Property Class
B
Year Built
1900
Price
£2,825,000
Price per sq ft
£338.12
Yield
8.50%
NOI
£240,125
Tenancy
Single
Number of Floors
4
Floor To Floor Height
10 ft
Frontage
Amenities
- Bus Route
- Security System
- Signage
- Storage Space
- Air Conditioning
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Nearby Major Retailers
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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162 Northumberland St
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