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Plaza Tavern West Rd

10,902 SF 100% Leased Retail Building Newcastle Upon Tyne NE4 9QA £1,000,000 (£92/SF)

Investment Highlights

  • The premises are prominently situated on the corner of Westgate Road
  • National operators in the immediate vicinity include Subway, Greggs, Bet Fred, Paddy Power, Kwikfit and Reeds Rains Estate Agents along with a number
  • The property is situated on the main retail pitch of West Road

Executive Summary

Offers are sought for the benefit of our clients freehold interest in the region of £1 million pounds, subject to contract.

Property Facts

Sale Type
Investment
Sale Condition
Development Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
10,902 SF
Building Class
B
Year Built/Renovated
1937/2000
Price
£1,000,000
Price Per SF
£92
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.10
Land Acres
2.50 AC
Parking
6 Spaces (0.49 Spaces per 1,000 SF Leased)
Frontage
98 ft on West Road

Amenities

  • Security System
  • Roller Shutters
  • Storage Space

About West Rd , Newcastle Upon Tyne, TWR NE4 9QA

Internally the accommodation extends mainly over the ground floor with a central atrium characterising the main trading area. The property also benefits from service accommodation, a first floor balcony and secure detached storage yard to the rear. A substantial brick built premises with a part pitched slate covered and part flat roof, the property also has a substantial east elevation and prominent corner entrance. The building is in need of major refurbishment.

  • Listing ID: 17750843

  • Date on Market: 18/11/2019

  • Last Updated:

  • Address: West Rd, Newcastle Upon Tyne NE4 9QA

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