Log In/Sign up
Your email has been sent.
The Spark Corporation Rd 105,906 sq ft 100% Let 4-Star Office Property Newcastle Upon Tyne NE4 5SP £33,950,000 (£320.57/sq ft) 8% Net Initial Yield
Investment Highlights
- High quality office space
- Situated in prime office district
- Well-connected to transport links
- Currently fully occupied with potential for rental increase
- Retail and leisure offerings within vicinity
- BREEAM Excellent
Executive Summary
The building provides 105,906 sq ft of high quality office space in the regional capital of the North East. It is currently fully occupied on a multi-let basis on revisionary rents with high potential for rental increases.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Size
105,906 sq ft
Costar Property Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
£33,950,000
Price per sq ft
£320.57
Yield
8%
NOI
£2,716,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
11
Typical Floor Size
9,675 sq ft
Plot ratio
5.17
Total Plot Size
0.47 ac
Parking
106 Spaces (1 Spaces per 1,000 sq ft Leased)
Amenities
- 24 Hour Access
- EPC - A
- Reception
- Bicycle Storage
- Central Heating
- Common Parts WC Facilities
- Lift Access
- Natural Light
- Reception
- Shower Facilities
- Air Conditioning
- Raised Floor System
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Spark | Corporation Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.