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2-4 Riverside 2,032 sq ft 100% Let Retail Property Felton NE65 9EA £425,000 (£209.15/sq ft) 7.04% Net Initial Yield


Investment Highlights
- Located in a highly desirable Northumberland location
- The property occupies a very prominent position on the corner of Main Street and Riverside
- Attractive stone building overlooking the River Coquet in picturesque village
Executive Summary
Freehold leisure investment - offers in excess of £425,000 (Four Hundred and Twenty Five Thousand Pounds) reflecting a net initial yield of 7.04% assuming standard purchasers
costs of 4.33%
The ground floor features the main coffee shop retail area, bakery, two dedicated kitchen areas, and customer seating. The first floor provides additional seating, a secondary kitchen, and public WCs. The second floor comprises office accommodation and storage space. There is access to the basement via the ground floor coffee shop through a
shared corridor, with additional independent access fronting Main Street.
Externally, the property benefits from a small front garden area utilised for additional outdoor seating. We estimate the current configuration provides a seating capacity of approximately 40 to 50 covers.
costs of 4.33%
The ground floor features the main coffee shop retail area, bakery, two dedicated kitchen areas, and customer seating. The first floor provides additional seating, a secondary kitchen, and public WCs. The second floor comprises office accommodation and storage space. There is access to the basement via the ground floor coffee shop through a
shared corridor, with additional independent access fronting Main Street.
Externally, the property benefits from a small front garden area utilised for additional outdoor seating. We estimate the current configuration provides a seating capacity of approximately 40 to 50 covers.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,032 sq ft
Costar Property Class
C
Year Built
1900
Price
£425,000
Price per sq ft
£209.15
Yield
7.04%
NOI
£29,920
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
1.22
Total Plot Size
0.04 ac
Frontage
61 ft on Riverside
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2-4 Riverside
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