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Investment Highlights

  • Let to Costa & Greggs
  • long leases with index linked reviews
  • New Build roadside scheme

Executive Summary

An outstanding investment opportunity in a high-growth roadside retail market, this freehold roadside development generates an annual rental income of £157,500 from leases with Costa, Greggs, and Evyve. The scheme provides 3,300 sq ft of pre-let accommodation backed by strong covenants and index-linked reviews. New leases offer WAULTs of approximately 15.77 years to expiry and 14.38 years to break, ensuring long-term income security. Offers are invited in excess of £2.6 million, reflecting a net initial yield of 5.7% assuming standard purchaser costs. Practical completion is anticipated for August 2026, with full EPC certification and the benefit of capital allowances upon transaction.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Retail
Property Size
3,300 sq ft
Costar Property Class
B
Year Built
2026
Construction Status
Under Construction
Price
£2,600,000
Price per sq ft
£787.88
Yield
5.70%
NOI
£148,200
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.14
Total Plot Size
0.54 ac
Parking
16 Spaces (4.85 Spaces per 1,000 sq ft Leased)
Frontage
159 ft on Lintonville Terrace

Major Tenants

  • Tenant
  • Industry
  • sq ft Occupied
  • Rent/sq ft
  • Lease End
  • Costa
  • -
  • -
  • -
  • -
  • Greggs
  • -
  • -
  • -
  • -
Tenant Industry sq ft Occupied Rent/sq ft Lease End
Costa - - - -
Greggs - - - -

Nearby Major Retailers

ASDA
Iceland
Barclays
Nisa
HSBC
  • Listing ID: 41040804

  • Date on Market: 24/06/2026

  • Last Updated:

  • Address: Lintonville Parkway, Ashington NE63 9JZ

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