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Block of 22 well configured shops and restaurants

Newcastle upon Tyne, Vereinigtes KönigreichAdresse freischalten

80%

£11.750.000

Einzelhandel

#14328

Core+

3 Feb 2024

Immobilieneinzelheiten

Makler

Verkauft

43,043 ft²

3.999 m²

Mietfläche

272,98 £/ft²

2.938 £/m²

8.47 %

20

Eigentum

X

Gebühren

0.00 %

0.40 %

0.00 %

0.40 %

Investitionsübersicht

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.