Central Square South | Orchard St
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Central Square South Orchard St
84,820 SF 96% Leased 4-Star Office Building Newcastle Upon Tyne NE1 3AZ £16,000,000 (£189/SF) 10.25% Net Initial Yield
Investment Highlights
- Excellent access to the city centre and wider region
- Situated adjacent to Stephenson quarter and Central station in Newcastle Upon Tyne
- Grade A office building
Executive Summary
Freehold for sale. Offers in the region of £16,000,000. A purchase at this level would reflect a net initial yield of 10.25%.
Total passing rent of £1,750,660 per annum, reflecting a low passing rent of £24,03 psf, compared to recent grade A lettings within the city at £30-32 psf.
Total passing rent of £1,750,660 per annum, reflecting a low passing rent of £24,03 psf, compared to recent grade A lettings within the city at £30-32 psf.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
84,820 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2000
Price
£16,000,000
Price Per SF
£189
Net Initial Yield
10.25%
NOI
£1,640,000
Percent Leased
96%
Tenancy
Multiple
Number of Floors
7
Typical Floor Size
15,000 SF
Slab to Slab
10 ft
Building FAR
0.83
Land Acres
2.36 AC
Amenities
- 24 Hour Access
- Atrium
- Conferencing Facility
- Food Service
- Raised Floor
- Security System
- Bicycle Storage
- DDA Compliant
- Demised WC facilities
- High Ceilings
- Lift Access
- Reception
- Shower Facilities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The office accommodation provides large open plan floor plates configured around a large glazed atrium.
| Space | Size | Space Use | Condition | Available |
| 4th Fl-Ste Part South | 3,797 SF | Office | Full Build-Out | Now |
4th Fl-Ste Part South
| Size |
| 3,797 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste Part South
| Size | 3,797 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
The office accommodation provides large open plan floor plates configured around a large glazed atrium.
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Central Square South | Orchard St
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