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60-62 Northumberland St 23,775 sq ft 100% Let Retail Property Newcastle Upon Tyne NE1 7DF £6,885,000 (£289.59/sq ft) 7% Net Initial Yield
EXECUTIVE SUMMARY
Offers in excess of £6,885,000 (subject to contract and exclusive of VAT). Attractive net initial yield: 7.00% (rising to a minimum running yield of 7.10% in 2029).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
23,775 sq ft
Costar Property Class
B
Year Built
1980
Price
£6,885,000
Price per sq ft
£289.59
Yield
7%
NOI
£481,950
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Loading Docks
2 Exterior
Floor To Floor Height
10 ft
Plot ratio
2.27
Total Plot Size
0.24 ac
Frontage
49 ft on Northumberland St
AMENITIES
- Security System
- Signage
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
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MATTERPORT 3D TOUR
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60-62 Northumberland St
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