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168-169A Kells Ln

5,207 SF 100% Leased Retail Building Gateshead NE9 5HY £500,000 (£96/SF) 10.20% Net Initial Yield

Investment Highlights

  • Prominent corner location
  • Affluent arear of Low Fell
  • The property is situated in a mixed-use location
  • Car Park to the rear

Executive Summary

Mixed use investment sale.
The property has a guide price of £500,000 (Five Hundred Thousand Pounds). A sale at this price reflects a Net Initial Yield of approximately 10.2%

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
5,207 SF
Building Class
B
Year Built
1970
Price
£500,000
Price Per SF
£96
Net Initial Yield
10.20%
NOI
£51,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.43
Land Acres
0.28 AC
Parking
17 Spaces (3.26 Spaces per 1,000 SF Leased)
Frontage
14 ft on Kells Lane

Nearby Major Retailers

Heron Foods
Co-operative Food
Virgin Money
Barclays
SPAR
Caffe Nero
Starbucks
Sainsbury's
Costa Coffee
ALDI
  • Listing ID: 32232625

  • Date on Market: 24/06/2024

  • Last Updated:

  • Address: 168-169A Kells Ln, Gateshead NE9 5HY

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