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Iceland Chichester Rd 7,546 sq ft Retail Property South Shields NE33 4HE £1,300,000 (£172.28/sq ft) 11.27% Net Initial Yield
Investment Highlights
- The property comprises a modern purpose built retail unit
- The new Transport Interchange incorporating South Shields Metro \(Light Railway\) Station and Bus Station is close by
- Prominent road side site extending to some 0.25 hectares (0.62 acres)
Executive Summary
Lot 31 was available for sale at an Allsop online auction that was held on Wednesday 11th of February 2026.
The property comprises a long leasehold investment for sale.
The asking price is £1,300,000, representing a gross initial yield of 11.27%.
The property comprises a long leasehold investment for sale.
The asking price is £1,300,000, representing a gross initial yield of 11.27%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Supermarket
Property Size
7,546 sq ft
Costar Property Class
B
Year Built
1989
Price
£1,300,000
Price per sq ft
£172.28
Yield
11.27%
NOI
£146,510
Tenancy
Single
Number of Floors
1
Plot ratio
0.27
Total Plot Size
0.64 ac
Parking
5 Spaces (0.66 Spaces per 1,000 sq ft Leased)
Frontage
148 ft on Chichester Rd
Amenities
- Security System
- Signage
- Roller Shutters
- Storage Space
1 1
Nearby Major Retailers
1 of 3
Videos
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Photos
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Street
Map
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Iceland | Chichester Rd
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