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Talke Rd 6,813 sq ft 100% Let Retail Property Newcastle ST5 7NL £1,605,000 (£235.58/sq ft) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- An opportunity to acquire a well located car dealership in Newcastle-under-Lyme
- Let to Volkswagen Group United Kingdom Limited (£12.8 bn turnover in 2024) until 2058, with a TOB 2033, providing a term certain of circa 7.5 years
- Site area of approximately 1.066 acres (0.431 hectares).
EXECUTIVE SUMMARY
Vehicle showroom with a total floor area of approximately 9,705 sq ft (901.6 sq m). Strong alternative use options, subject to planning, located in a popular and established industrial location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Car Dealership
Property Size
6,813 sq ft
Costar Property Class
C
Year Built
1950
Price
£1,605,000
Price per sq ft
£235.58
Yield
7%
NOI
£112,350
Occupancy Rate
100%
Number of Floors
1
Plot ratio
0.15
Total Plot Size
1.06 ac
Parking
107 Spaces (10 Spaces per 1,000 sq ft Leased)
Frontage
91 ft on Talke Road
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NEARBY MAJOR RETAILERS
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Talke Rd
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