233 Westgate Rd
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233 Westgate Rd
1,163 SF Retail Building Newcastle Upon Tyne NE4 6AD £175,000 (£150/SF) 8.73% Net Initial Yield
Investment Highlights
- Situated on Westgate Road
- Close to the metro station
- Short walking distance to the south east
Executive Summary
Offers in excess of £175,000 (One hundred and Seventy Five Thousand Pounds) are invited for the benefit of our clients freehold interest which represents a Net Initial Yield of 8.73% taking into account reasonable purchaser’s costs at 2.09%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,163 SF
Building Class
C
Year Built
1950
Price
£175,000
Price Per SF
£150
Net Initial Yield
8.73%
NOI
£15,278
Tenancy
Single
Number of Floors
2
Building FAR
1.89
Land Acres
0.01 AC
Frontage
22 ft on Westgate Road
Amenities
- Corner Lot
1 of 1
Nearby Major Retailers
1 of 12
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233 Westgate Rd
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