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60-62 Newgate St 1,955 sq ft 100% Let Retail Property Bishop Auckland DL14 7EQ £215,000 (£109.97/sq ft) 11.97% Net Initial Yield



INVESTMENT HIGHLIGHTS
- Bus Route
- Daytime Foot Traffic
- Access via A689
EXECUTIVE SUMMARY
Offers in the Region of £260,000.
Mixed Investment Property:- Gross Annual Income: £26,460
Ground floor shop and 3 x Apartments – Net Initial Yield 9.9%
Mixed Investment Property:- Gross Annual Income: £26,460
Ground floor shop and 3 x Apartments – Net Initial Yield 9.9%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,955 sq ft
Costar Property Class
B
Year Built
1902
Price
£215,000
Price per sq ft
£109.97
Yield
11.97%
NOI
£25,740
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Frontage
22 ft on Newgate Street
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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60-62 Newgate St
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