Ouseburn Point, Shields Road, Byker, Newcastle upon Tyne
Acting on behalf of Rokeby Developments, Johnson Tucker disposed of this prominent, mixed use investment fronting Shields Road, Byker, Newcastle upon Tyne.
The multi let block extends to 12,046 sq ft and was constructed in 2009 with retail to the ground floor and offices to the first floor.
The property is let to various tenants including Greggs, Norchem Pharmacy, Grainger Games, Interserve, Marie Curie, Grainger Games and Ben Hoare Bell Solicitors at a total passing rent of £180,153 per annum.
Tailored investment was marketed at an asking price of £1.85M and was sold to a property company in April 2013.
For further information please contact Andrew Tucker.