News

Johnson Tucker sells Mixed Use Investment in Whickham

Johnson Tucker LLP were instructed to sell this multi let retail and office investment in the centre of the affluent commuter town of Whickham, Newcastle. The property is situated on a prominent corner position and comprises a net internal area of approximately 2,200 sq ft over ground and first floors with additional car garage and rear yard.
The property was fully let to 3 tenants including Your Move, Whickham Jewellers and Nicholson Nairn Architects with a total rent roll of £27,000 per annum. The property was sold to a private individual in Q2 2016 for a value reflecting a net initial yield of approximately 8.86% after standard purchasers costs.
For further information please contact Daniel on 0191 269 7897, 07968618948 or danielc@johnsontucker.co.uk.