51-52 Ironmarket | Newcastle Under Lyme ST5 1PB
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51-52 Ironmarket
Newcastle Under Lyme ST5 1PB
Retail Property For Sale
Investment Highlights
- Centrally located
- 100 meters away is the Queens Gardens public realm and Newcastle Borough Council offices in Castle House
- Three-storey brick building
Executive Summary
No.51 trades as Toni&Guy Hair Salon over ground and part first floor. The ground floor consists of split front and rear retail areas
with disabled customer WC and kitchen. The upper floor provides further customer area to the front section and staff kitchen and
WC to the rear.
No.52 is Michelangelo coffee bar is a ground floor unit with retail seating area, behind which is a customer WC, then to the rear is
the preparation area and storage.
Part of the first floor and whole second floor are separately accessed and vacant. Each floor has a range of smaller rooms but could be developed for further commercial or residential uses, subject to any necessary planning consent. Previous uses include
being a health & beauty salon.
with disabled customer WC and kitchen. The upper floor provides further customer area to the front section and staff kitchen and
WC to the rear.
No.52 is Michelangelo coffee bar is a ground floor unit with retail seating area, behind which is a customer WC, then to the rear is
the preparation area and storage.
Part of the first floor and whole second floor are separately accessed and vacant. Each floor has a range of smaller rooms but could be developed for further commercial or residential uses, subject to any necessary planning consent. Previous uses include
being a health & beauty salon.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
3,479 SF
Building Class
B
Year Built
1923
Price
£500,000
Price Per SF
£144
Net Initial Yield
7.63%
NOI
£38,150
Percent Leased
64%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.33
Lot Size
0.06 AC
Frontage
32 ft on Ironmarket
Amenities
- 24 Hour Access
- Storage Space
1 of 4
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