19-31 High St E
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19-31 High St E
7,254 SF 100% Leased Retail Building Wallsend NE28 8PA £825,000 (£114/SF) 9% Net Initial Yield
Investment Highlights
- Parking and Loading at the rear
- Transport facilities
- Located within central Wallsend within the town centre
Executive Summary
The property consists of a block of mixed-use space containing of 4 commercial (retail) units as well as 4 self-contained 1 bed flats.
Offers over £825,000 reflecting a blended yield of 9.25% and assuming usual purchaser's costs of 5.53 %.
Offers over £825,000 reflecting a blended yield of 9.25% and assuming usual purchaser's costs of 5.53 %.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
7,254 SF
Building Class
B
Year Built
1903
Price
£825,000
Price Per SF
£114
Net Initial Yield
9%
NOI
£74,250
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.12
Land Acres
0.15 AC
Frontage
71 ft on High Street East
Amenities
- Storage Space
1 of 1
1 of 2
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19-31 High St E
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