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241 Shields Rd 1,668 sq ft 100% Let Retail Property Newcastle Upon Tyne NE6 1DQ £145,000 (£86.93/sq ft)
Investment Highlights
- Close proximity to Byker Metro station
- Quick links into central Newcastle
Executive Summary
This is an investment opportunity comprising a two storey mid terraced property and forming part of a busy mixed-use terrace within the Shields Road secondary shopping area.
241 Shields Road
Trading as Grazin’ Kitchen and operating as a modern cafe. There Is a 5 year lease in place which expires in March 2027
243 Shields Road
Occupied by a longstanding tenant at a rent of £475 per month.
241 Shields Road
Trading as Grazin’ Kitchen and operating as a modern cafe. There Is a 5 year lease in place which expires in March 2027
243 Shields Road
Occupied by a longstanding tenant at a rent of £475 per month.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,668 sq ft
Costar Property Class
C
Year Built
1930
Price
£145,000
Price per sq ft
£86.93
Occupancy Rate
100%
Number of Floors
2
Frontage
20 ft on Shields Road
Amenities
- Bus Route
- Security System
- Signage
- Roller Shutters
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Nearby Major Retailers
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241 Shields Rd
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