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19-31 High St E 7,254 sq ft 100% Let Retail Property Wallsend NE28 8PA £825,000 (£113.73/sq ft) 9% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Parking and Loading at the rear
- Transport facilities
- Located within central Wallsend within the town centre
EXECUTIVE SUMMARY
The property consists of a block of mixed-use space containing of 4 commercial (retail) units as well as 4 self-contained 1 bed flats.
Offers over £825,000 reflecting a blended yield of 9.25% and assuming usual purchaser's costs of 5.53 %.
Offers over £825,000 reflecting a blended yield of 9.25% and assuming usual purchaser's costs of 5.53 %.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
7,254 sq ft
Costar Property Class
B
Year Built
1903
Price
£825,000
Price per sq ft
£113.73
Yield
9%
NOI
£74,250
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
1.12
Total Plot Size
0.15 ac
Frontage
71 ft on High Street East
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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19-31 High St E
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