1-2 Dipwood Rd | Rowlands Gill NE39 1BY
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1-2 Dipwood Rd
Rowlands Gill NE39 1BY
Retail Property For Sale
Investment Highlights
- Situated in a corner position in the commercial centre of Rowlands Gill directly opposite Tesco Local
- Restaurants have expiries in 2031 providing approximately 7 years unbroken income
- VAT Free Investment fully occupied with total income of £34,700 per annum
- Comprising a mixed-use investment with two ground floor restaurants and a first floor gym
- Opportunity to add value by renewing the first floor lease with the gym operator
- Rowlands Gill a village situated on the North Bank of the River Derwent in Gateshead, Tyne and Wear
Executive Summary
Prominent mixed use investment opportunity in affluent Gateshead village for sale.
Offers are sought in excess of £385,000 (Three Hundred and Eighty Five Thousand Pounds) subject to contact.
A purchase at this level reflects a net initial yield of 9.48% assuming standard purchasers’ costs of 4.07.
Offers are sought in excess of £385,000 (Three Hundred and Eighty Five Thousand Pounds) subject to contact.
A purchase at this level reflects a net initial yield of 9.48% assuming standard purchasers’ costs of 4.07.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
4,286 SF
Year Built
1900
Price
£385,000
Price Per SF
£90
Net Initial Yield
9.48%
NOI
£36,498
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.48
Land Acres
0.21 AC
Frontage
51 ft on Dipwood Road
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