Portfolio sale of Westgate road 2 Retail Properties Offered at £600,000 in Newcastle Upon Tyne
INVESTMENT HIGHLIGHTS
- Development opportunity located in Newcastle city centre
- Located in an area popular with students
- Adjacent to The Helix; a major city centre regeneration project
EXECUTIVE SUMMARY
Instructed to seek offers in excess of £600,000 (exclusive of VAT). Planning approved for the creation of 2 retail units and six apartments with associated cycle and bin storage.
PROPERTY FACTS
| Price | £600,000 |
| Price / SF | £110.23 / SF |
| Sale Condition | Development Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,443 SF |
| Tenure | Freehold |
| Total Land Area | 0.05 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 247-251 Westgate Rd, Newcastle Upon Tyne NE4 6AH | Retail | 3,667 SF | 1950 | - |
| 235-237 Westgate Rd, Newcastle Upon Tyne NE4 6AE | Retail | 1,776 SF | 1990 | - |
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