5-7 Bell Villas
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5-7 Bell Villas
5,478 SF 100% Leased Retail Building Newcastle Upon Tyne NE20 9BD £490,000 (£89/SF) 9.22% Net Initial Yield
Investment Highlights
- Multi let mixed use investment
- Prime Ponteland location
- Reversionary asset management opportunities
Executive Summary
5 Bell Villas is a Grade II listed property also known as “The Smithy”. The property comprises a stone built building under a pitched, tiled roof
with four pane sash windows. Internally, the ground floor has been sub-let (long lease) to the adjoining New Rendevouz restaurant whilst to the first floor there are two bedrooms for the nearby hotel.
7 Bell Villas is an attractive double fronted, mixed use commercial premises with a pleasant lawned grass area to the front. The stone built
premises provides two suites to the ground floor and two suites on the first floor. To the rear, there is approximately 5 car parking spaces
whilst the common areas and external parts of the premises are maintained via way of service charge.
with four pane sash windows. Internally, the ground floor has been sub-let (long lease) to the adjoining New Rendevouz restaurant whilst to the first floor there are two bedrooms for the nearby hotel.
7 Bell Villas is an attractive double fronted, mixed use commercial premises with a pleasant lawned grass area to the front. The stone built
premises provides two suites to the ground floor and two suites on the first floor. To the rear, there is approximately 5 car parking spaces
whilst the common areas and external parts of the premises are maintained via way of service charge.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
5,478 SF
Building Class
C
Year Built
1890
Price
£490,000
Price Per SF
£89
Net Initial Yield
9.22%
NOI
£45,178
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.91
Land Acres
0.14 AC
Parking
5 Spaces (0.91 Spaces per 1,000 SF Leased)
Frontage
46 ft on Bell Villas
Amenities
- EPC - D
- Storage Space
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Kristian Sorensen -
George F White LLP
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VIDEOS
3D TOUR
PHOTOS
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STREET
MAP
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5-7 Bell Villas
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