222 Westgate Rd
661 SF Retail Building Newcastle Upon Tyne NE4 6AE £405,000 (£612.71/SF) 8.48% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Adjacent to The Helix; a major city centre regeneration project
- Newcastle is a two University city with a student population in excess of 50,000
- Value-add opportunities through development
EXECUTIVE SUMMARY
Retail and residential investment opportunity located in Newcastle city centre
Offers in excess of £405,000 (exclusive of VAT) reflecting a net initial yield of 8.48% assuming standard purchasers’ costs.
Offers in excess of £405,000 (exclusive of VAT) reflecting a net initial yield of 8.48% assuming standard purchasers’ costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
661 SF
Building Class
B
Year Built
1955
Price
£405,000
Price Per SF
£612.71
Net Initial Yield
8.48%
NOI
£34,344
Tenancy
Single
Number of Floors
4
Building FAR
0.27
Lot Size
0.06 AC
Frontage
16 ft on Westgate Road
AMENITIES
- Security System
- Roller Shutters
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
