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Run of the Mill Spar Well Road 9,106 sq ft 100% Let Retail Property Winlaton NE21 6RT £900,000 (£98.84/sq ft) 9.52% Net Initial Yield
Investment Highlights
- Fully let across all three units
- Convenient road links
- Passing rent of £88,000 per annum
Executive Summary
A detached freehold investment property comprising three units currently operating as restaurants, a cafe lounge, and a children's soft play centre. Situated in Winlaton Mill, fronting the A694. The property is fully let across three leases with a passing rent of £88,000 per annum, increasing to £90,500 pa from 2nd March 2027.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
9,106 sq ft
Costar Property Class
C
Year Built
1975
Price
£900,000
Price per sq ft
£98.84
Yield
9.52%
NOI
£85,680
Occupancy Rate
100%
Number of Floors
3
Plot ratio
1.35
Total Plot Size
0.16 ac
1 1
Nearby Major Retailers
1 of 4
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Run of the Mill | Spar Well Road
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