0.70 acre island site at the centre of Newcastle’s retail and leisure pitch. Attractive Grade-II listed building trisected by an ornate Edwardian shopping arcade originally built in 1837. High occupational demand led by strong F&B market. Rebased rents allow for strong future rental growth potential. WAULT of 7.29 years to expiry (6.15 years to break). 73% national or regional multiple income. 81% ‘below average risk’ or better Experian credit rating; Future asset management potential to repurpose first floor offices to alternative uses. Current net operating income of £1,062,096 per annum. Represents a low capital value of £273psf.
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