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90-92 Clayton St 3,968 sq ft 100% Let Retail Property Newcastle Upon Tyne NE1 5PG £950,000 (£239.42/sq ft) 7.62% Net Initial Yield


INVESTMENT HIGHLIGHTS
- Newcastle city centre Freehold opportunity
- Close to universities and prime city centre shops and amenities
- Located in the heart of Newcastle city centre
EXECUTIVE SUMMARY
Freehold Retail and Residential Investment.
Offers in excess of £950,000 (Nine Hundred and Fifty Thousand Pounds) reflecting a net initial yield of 7.62% and a reversionary yield of 8.12% assuming standard purchasers costs of 5.69%
Offers in excess of £950,000 (Nine Hundred and Fifty Thousand Pounds) reflecting a net initial yield of 7.62% and a reversionary yield of 8.12% assuming standard purchasers costs of 5.69%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,968 sq ft
Costar Property Class
B
Year Built
1820
Price
£950,000
Price per sq ft
£239.42
Yield
7.62%
NOI
£72,390
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Floor To Floor Height
10 ft
Plot ratio
1.30
Total Plot Size
0.07 ac
Frontage
AMENITIES
- Bus Route
- Security System
- Signage
- EPC - E
- Roller Shutters
- Storage Space
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NEARBY MAJOR RETAILERS
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90-92 Clayton St
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