Log In/Sign up
Your email has been sent.
Roadside Retail Development Stamfordham Rd 8,260 sq ft 85% Let Retail Property Newcastle Upon Tyne NE5 1DH £3,155,000 (£381.96/sq ft) 5.50% Net Initial Yield
Investment Highlights
- Close proximity to the A1
- Easy access to arterials into central Newcastle
Executive Summary
This is a fully let retail development currently under construction. The property is available for sale with a WAULT to expiry of 15.15 years & 13.84 years to break. The units are let to Co-op, Greggs, and Harrison Vets. Reversionary yield of 6.30% & 7.30% in March 2031 and 2036 respectively.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
8,260 sq ft
Costar Property Class
B
Year Built
2026
Construction Status
Under Construction
Price
£3,155,000
Price per sq ft
£381.96
Yield
5.50%
NOI
£173,525
Occupancy Rate
85%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.01
Total Plot Size
17.71 ac
Parking
23 Spaces (2.78 Spaces per 1,000 sq ft Leased)
Amenities
- Bus Route
- Security System
- Kiosk/Cart Space
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1,250 SF arranged over ground floor with dedicated parking, rear loading and bin stores.
| Space | Size | Space Use | Position | Available |
| Unit 2 | 1,250 sq ft | Retail | In-Line | Now |
Unit 2
| Size |
| 1,250 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 2
| Size | 1,250 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1,250 SF arranged over ground floor with dedicated parking, rear loading and bin stores.
1 1
Nearby Major Retailers
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Roadside Retail Development | Stamfordham 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.