Properties

Tenure

Location

Investment

55-57 Front Street, Prudhoe, Northumberland, NE42 5AA

Greggs renewed their lease in November 2017 committing to a new 10 year lease from 16th November 2017 at a rent of £16,250 per annum. The lease expires on 15th November 2027 and the 2022 break notice was not exercised, further demonstrating Greggs’ commitment to the location. There is an upwards only rent review on 16th November 2022. The lease is held on effective FRI terms.

The restaurant premises are let to Gloria’s Italian Restaurant on a 7 year lease from 22nd June 2016, therefore ending 21st June 2023 at the passing rent of £20,000 per annum. The tenant break on 21st June 2018 was not exercised. The lease is held on effective FRI terms.

Total rent is therefore £36,250 per annum.

Industrial

AG BARR Premises, Benfield Road, Newcastle upon Tyne, NE6 5XA

The property appears to originally date from the 1940s comprising a principal warehouse building with a two storey office block together with a vehicle workshop and adjacent garage.

 

Retail

223-225 Jesmond Road, Jesmond, Newcastle upon Tyne, NE2 1LA

The property comprises a highly visible ground floor retail unit formerly occupied by a dress and hat hire studio but could be suitable for a number of alternative uses subject to landlords consent and relevant planning permission.

The property comprises the ground floor retail unit of a three storey, mid terraced building. The property is of traditional brick construction under a pitched, tiled roof. The unit incorporates open, retail floor space to the front with storage space, a WC and integral garage to the rear. The shop benefits from a traditional, timber shop front, painted walls and carpeted floors to the retail area. There is free parking available opposite the premises.

Offices

4 St James Street, Newcastle upon Tyne, Tyne & Wear, NE1 4NF

The property provides a three storey terraced building with two car parking spaces to the front. The ground and third floor is occupied by Guerilla Communications Marketing Company. There is a shared entrance providing access to the first and second floors which provide five office rooms which are available as one or in part. There are two WC facilities.

Offices Retail

51 Osborne Road, Jesmond, Newcastle upon Tyne, NE2 2AH

The subject property occupies a prominent corner plot offering office accommodation to the ground floor. The property is of traditional brick construction, with sandstone detailing to the front and side elevation windows. Externally, the property benefits from an enclosed front garden, with both stair and ramp access to the front of the property. Internally, the accommodation is well presented throughout and arranged to comprise an entrance porch, open plan office, private rear office, kitchen/break room and WC. The property may be suitable for a variety of different uses, subject to obtaining necessary permissions.

Retail

1 Hillgate House, Corbridge, Northumberland, NE45 5AA

The premises are situated on the busy pedestrian route between the Market Place and Hill Street opposite St Andrews Church. The recently restored Pele Tower is close by. The shop which shares an entrance lobby has rear kitchen/storage area and WC. A Parking space is provided to the rear.

Retail

207 Whitley Road, Whitley Bay, Tyne & Wear, NE26 2SY

The property comprises a ground floor retail unit fronting onto Whitley Road. On street parking is available to the front of the property.

Leisure

53 Stowell Street, Newcastle upon Tyne, Tyne & Wear, NE1 4YB

The property comprises the ground floor and basement of this four storey end terraced building. The property is of traditional brick construction under a slate pitched roof. The property was last used as a restaurant and thus has Use Class E permissions. The property provides open plan ground floor accommodation with a large ancillary basement space.

Development

Rose Cottage & adjacent site, High Street, Wrekenton, NE9 7JS

The total available opportunity currently comprises three sites. One is a detached, single story, brick residential property known as Rose Cottage. The second is the adjacent former petrol station which encompasses a cleared concrete site apart from two detached brick garages. The third is the cleared, grass, site of the former Gateshead council offices which wraps round to face High Street and Springwell Road. The site could be suitable for a variety of uses subject to the correct planning permissions.

Leisure Offices

Unit 13 and 14 Concord House, Speculation Place, Washington, NE37 2AS

The property comprises a versatile first floor unit formerly occupied by a The Bodyworks. The property could be suitable for a variety of uses but is ideally suited for use by another clinic, health studio or for training.  .

 Internally the unit provides 2 consulting rooms, staff room, reception room and larger office / training room. The floor benefits from a non-slip covering whilst the walls and ceiling are plastered and painted with strip florescent lighting.

Note other occupiers in the building include:

L C Aesthetics – who as well offer aesthetics and beauty

Milk & Mums – breastfeeding and tongue tie specialists

The Chiropody Clinic – chiropodists and podiatrists

Competing uses would not be considered

Retail

29 Market Street, Blyth, Northumberland, NE24 1BQ

The property comprises a two storey mid-terraced building of traditional construction with brick walls and pitched tiled roof. Internally the ground floor comprises a sales area and the first floor comprises office space alongside a staff room and toilets.

Offices

147 High Street, Gosforth, Newcastle upon Tyne, NE3 1HA

The property provides self-contained, first and second floor office accommodation accessed from its own entrance on Gosforth High Street. The property provides significant floor space as it spans over two retail units at ground floor level.

The property has retained a number of original period features but does benefit from uPVC double glazed windows and electric heating. The property includes kitchen and WC facilities.

Offices

3a Ridley Place, Newcastle upon Tyne, NE1 8JQ

The property provides self-contained, first and second floor accommodation accessed from its own entrance on Ridley Place. The property was previously used as a slimming clinic and has a number of separate treatment rooms. The property could be used for a variety of uses subject to the relevant permissions. There are both kitchen and W/C facilities.

Under Offer
Industrial Investment Leisure Offices Residential and Development Retail

8-10 Marine Gardens, Whitley Bay, Tyne & Wear, NE26 1EQ

The property comprises two buildings; No 10 is a self- contained, ground floor workshop with office space & rear yard. No 8 comprises a much larger workshop / storage facility with mezzanine and office at first floor level. There is also parking for approximately 4 cars to the front of the building

Leisure Retail

35 (rear) Blandford Square, Newcastle upon Tyne, Tyne & Wear, NE1 4HW

The ground floor unit provides an open plan retail shell with a lower rear section and WC. Access to the unit is from Blandford Square, however, the shop faces on to St James Boulevard. The property could be suitable for a variety of uses subject to receiving the relevant planning permission.

Retail

Unit 1, 53 Bridge Street, Morpeth, NE61 1PQ

The property provides a self-contained, ground floor retail unit. The property is accessed from its own entrance on Bridge Street. The property comprises an open retailing space with rear staff offices, storage space as well as WC facilities. The unit benefits from a traditional glazed shop frontage, carpeted floors and part suspended tile ceiling.

Offices

F18 Willow Court, Team Valley, Gateshead, NE11 0RU

Modern two storey office accommodation providing open plan office accommodation on the ground floor with WCs to the rear and further open plan office space with boardroom on the first floor.

The accommodation comes with 6 car parking spaces.

Retail

43-44 Nile Street, North Shields, Tyne & Wear, NE29 0BB

The property comprises a single terraced retail property over two storeys situated in a retail location with on-street parking outside in amongst other retailers and properties of a similar character, age and specification.

Under Offer
Offices

1st and 2nd Floor Cragside House, Heaton Road, Newcastle upon Tyne, NE6 1SE

The property comprises a purpose built office building with a refurbished entrance lobby. The first floor and second floor provide a combination of open plan and individual offices/meeting rooms. There is a kitchen/staff area and the suites are parts air conditioned. There is a lift in the common areas and on-site parking is available.

Offices

114/116 High Street, Gosforth, Newcastle upon Tyne, NE3 1HB

The property occupies first and second floor office space in a prominent position on Gosforth High Street. Originally two premises that have been combined in to one, the property has the benefit of two front and two rear entrances. Internally the property is made up of a series of office suites which benefit from carpeted floors and LED lights. There are two sets of male and female toilets in the premises whilst heating is by way of a gas-fired central heating system.

Retail

34-36 Fowler Street, South Shields, Tyne & Wear, NE33 1NA

Mid-terraced property arranged over ground and two upper floors providing retail accommodation, previously occupied as Nexus Travel Shop. The premises would be suitable for a range of retailing uses subject to the necessary planning consents.

Under Offer
Investment Residential and Development Retail

90-92 Clayton Street, Newcastle upon Tyne, Tyne & Wear, NE1 5PG

The accommodation comprises of a ground floor return frontage retail unit providing clear retail space with ancillary sales and staff/storage accommodation to the basement. The unit is alarmed and benefits from an external roller shutters to the shop front.

Retail

Unit 2, 53 Bridge Street, Morpeth, NE61 1PQ

The property provides a self-contained, ground floor retail space last used as a hairdressing salon. The property is accessed from its own entrance on Bridge Street. The property comprises a large open retailing space with rear staff/store area, in addition there is a separate kitchen as well as WC facilities. The unit benefits from a large glazed frontage with internal electric roller shutters. The floor is tiled and there is strip florescent lighting.

Offices

22-26 Bowes Street, Blyth, Northumberland, NE24 1BD

The property comprises a mid-terraced first floor office above Voicemail and Crowe & Atkinson Butchers. The premises includes a number of cellular offices alongside staff toilets and a tea room.

Investment

American Golf Centre, Newcastle Road, Sunderland, SR5 1JT

The site encompasses approximately 16 acres providing an American Golf Discount Centre, Sunderland Golf Driving Range, a first floor office, a residential flat and a Mitchells and Butlers Public House. The driving range comprises 42 undercover, floodlit, driving range bays with chipping targets and greens. There is also a large car park.

Entirely let to four tenants including American Golf (Trading) Limited at a combined rental of £81,400 per annum.

Under Offer
Offices

19 Berrymoor Court, Northumberland Business Park, Cramlington, Northumberland, NE23 7RZ

The properties will comprise new build two storey semi-detached office buildings. We understand the buildings are to be constructed of brick elevations with a hipped span tile roof covering.

Internally the accommodation provides a ground floor reception area/foyer with a staircase leading to the first floor. There are separate male and disabled/female WCs and a kitchen off the reception areas.

In 17 Berrymoor Court the reception area leads to a rectangular shaped office on the ground floor which in turn leads to a further rectangular shaped store area extension.

The first floor accommodation provides further office accommodation.

Under Offer
Offices

17 Berrymoor Court, Northumberland Business Park, Cramlington, Northumberland, NE23 7RZ

The properties will comprise new build two storey semi-detached office buildings. We understand the buildings are to be constructed of brick elevations with a hipped span tile roof covering.

Internally the accommodation provides a ground floor reception area/foyer with a staircase leading to the first floor. There are separate male and disabled/female WCs and a kitchen off the reception areas.

In 17 Berrymoor Court the reception area leads to a rectangular shaped office on the ground floor which in turn leads to a further rectangular shaped store area extension.

The first floor accommodation provides further office accommodation.

Under Offer
Investment

Vets4Pets & Childrens Nursery Investment – 18 Barnstaple Road, North Shields, Tyne & Wear, NE29 8QD

TENANCY INFORMATION

North Tyneside Vets for Pets Ltd have a 15 year lease from 4 July 2010 ending on 4 July 2025 at a passing rent of £25,000 per annum. Part of the building is let to Little Learners Childcare (NE) Ltd with personal guarantees from two private individuals for a term of years commencing 7 May 2019 ending on 31 January 2033 at a rent of £20,000 per annum. The tenant has the option to terminate the lease on 31 January 2028.

The total passing rent is therefore £45,000 per annum.

PROPOSAL

We are instructed to seek offers in excess of £625,000 for our clients’ freehold interest reflecting a net initial yield of 6.85% assuming purchasers’ costs of 5.12%.

  • Location: North-Tyneside
  • Tenure: Freehold
  • Footage: 3,638 sq ft
  • Price: Offers in excess of £625,000 (NIY of 6.85%)
Offices

81 High Street, Gosforth, Newcastle upon Tyne, NE3 4AA

The property provides self-contained, first and second floor office accommodation accessed from its own entrance on Gosforth High Street. The property has the benefit of open plan office space as well as a kitchen, male and female WC facilities on the second floor.

Under Offer
Retail

76 Medway, Great Lumley, Chester le Street, DH3 4HU

No Convenience or Off-Licence Operators

The property comprises a single storey detached former convenience store previously occupied by Co-op Food. It is prominently positioned at the intersection of Medway and Front Street with a row of shops and public house positioned to the rear of the building along with Great Lumley Doctors Surgery.

There is a loading door and access to the rear of the building for deliveries.

Leisure Retail

7 Market Place, Richmond, North Yorkshire, DL10 4HU

Three storey retail premises centrally located in the market square of Richmond.

Previously occupied by a charity.

Retail

Former Youth Charity Shop, 5 Kepwell Bank Top, Prudhoe, Northumberland, NE42 5PW

The original property comprises a single-storey stone built retail unit. The landlord is currently in the process of extending the property to provide two self-contained retail units. Each unit will have their own glazed shop front and entrance on to Front Street as well storage and WC facilities. Plans shows below.

  • Location: Northumberland
  • Tenure: Leasehold
  • Footage: Unit 1: 597 sq ft / Unit 2: 387 sq ft
  • Price: £13,500 per annum / £10,000 per annum
Investment Leisure Offices Residential and Development Retail

Durant Hall, Ellison Place, Newcastle upon Tyne, NE1 8XG

This is a multi-purpose city centre space suitable for a variety of uses

With a floor area of approximately 16,275 sq ft split into a number of distinctive sections including two former church halls with ceiling heights in excess of 10m and a very large three bedroom flat

The property is located on the campus of Northumbria University sharing a green / courtyard with The Wynne Jones Building (lecture theatres), Picton Manor (student accommodation, restaurant & offices) and MEA House (office accommodation)

It is centrally located in Newcastle upon Tyne, just off the Central Motorway (A167) with a car park immediately to the rear on Ellison Place for 119 cars

Only a short walk from Northumberland Street, Newcastle’s prime retail pitch as well as Manors and Haymarket Metro stations

The property is Grade II Listed

Our client is seeking JV Partners or may consider an outright sale

Retail

14 Market Place, Hexham, NE46 1XQ

The property comprises a terraced retail unit with a kitchenette to the rear.

The property is available to let on full repairing and insuring terms for a term of years to be agreed at an annual rent of £10,000 per annum.

 

Leisure Retail

36-38 King Street, South Shields, NE33 1HU

  • Prominent pedestrianised retail location in the heart of the town centre
  • Close to other national occupiers including Natwest (adjacent), One Below (opposite), McDonalds, Greggs, Holland & Barratt, Specsavers, JD Sport, New Look & Café Nero
  • Total floor area of 7,217 sq ft over basement, ground and three upper floors
  • Close to South Shields Metro Station & Transport Interchange
  • Asking Rent: £37,500 per annum
Under Offer
Leisure Offices Retail

Ground floor, 100 Front Street, Chester-le-street, County Durham, DH3 3BA

Prominently positioned on Front Street

Other nearby retailers including Greggs, Boots and Halifax

Total ground floor area of approximately 1,761 sq ft (163 sq m)

Attractive four storey building with stone front elevation under a slate pitched roof

Offers of £37,500 per annum are sought for the ground floor retail area. All other terms to be agreed

Retail

83 Bedford Street, North Shields, Tyne & Wear, NE29 6QF

The property is a traditional two storey retail unit situated in a prominent corner position. The property was previously occupied by Lloyds Pharmacy and provides ground floor retail space with ancillary storage on the first floor.

Leisure Offices Retail

1st Floor, 14-18 Stowell Street, Newcastle upon Tyne, NE1 4XQ

The available premises are situated on the first floor of this brick built 4 storey building. The floor is accessed from a ground floor staircase.  The floor is currently laid out as a series of cellular offices however the space has planning use for any of A1, A3, B1 and D1 use classes.

Investment Residential and Development

LAND WITH PLANNING PERMISSION FOR 43 BEDROOMS ACROSS 27 APARTMENTS – Nelson’s Yard, Holly Street, Durham City, DH1 4ER

Durham is one of the world’s leading Universities boasting a ranking of 78 in the QS World University Rankings 2020. In addition to a Top 100 World University status, Durham is also a major tourist attraction. The city accommodates several World Heritage Sites including Durham Cathedral and also benefits from its excellent leisure, retail and nightlife offer making it a prime student destination.

Comprising a site area of approximately 0.28 acres with planning permission for the construction of an apartment block including 27 one and two bedroom apartments totalling 43 bed spaces

Investment

RESIDENTIAL INVESTMENT FOR SALE – 9, 11 & 13 St James’ Street, Newcastle, NE1 4NF

The property is very centrally located on St James Street in the centre of Newcastle upon Tyne.

Comprising 28 bedrooms across 4 flats, which were developed and fully refurbished in 2017. The property is fully let producing a total combined gross rental income of £171,766 per annum

The rent for the academic year 2019/2020 was approximately 8.3% higher than achieved in 2018/2019 demonstrating the increasing demand for the building.

We are instructed to seek offers in excess of £2,300,000 (Two Million Three Hundred Thousand Pounds) for our client’s freehold interest. £2.30m represents a gross yield of 7.02% assuming purchasers costs of 6.34%. Alternatively, 9, 11 and 13 St James’ Street can be purchased individually.

Investment

McColl’s Convenience Store, 166 Dean Road, Meldon Terrace, South Shields

The whole property is let to Martin McColl Limited for a term of 16.5 years from the 20th November 2019 on FRI terms and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £28,329 per annum.

For the year ending 25th November 2018 the tenant reported a turnover of £835 million, pre-tax profit of £34 million and shareholder’s funds of £218 million.

Seeking offers in excess of £420,000 for the freehold interest. A sale at this level reflects a net initial yield of 6.47% allowing for purchasers costs of 4.30%.

Sold
Offices

18 Riverside Studios, Amethyst Road, Newcastle Business Park, Newcastle upon Tyne, NE4 7YL

The subject property comprises an end terrace three storey property. The building is of steel frame construction under a pitched and tile roof. The front and rear elevations comprise part brickwork with extensive glazing to upper sections.

The building provides office accommodation across three floors with the specification including carpeted floors, suspended ceilings and a gas fired central heating system. There are male and female WC facilities as well as a small kitchenette and shower room.

The property has benefit of 5 car parking spaces.

Under Offer
Retail

Former Co-op Food Store, 86 Cleveland Road, North Shields, NE29 0PF

The property comprises a former Co-op Foodstore plus first floor flat, prominently positioned in a corner location with a wide shop front. All shop windows have the benefit of perforated and powder coated electric roller shutters and there is a burglar alarm system. Internally the ground floor shop comprises a suspended ceiling with integrated lighting and solid flooring throughout. The layout is mainly open plan with ancillary storage, office and WCs to the rear.

The first floor comprises a spacious 3 bedroom flat incorporating bathroom with WC, wash hand basin and bath, lounge, kitchen and 3 double bedrooms, one of which includes a walk-in wardrobe.

Under Offer
Retail

4 Newgate Street, Newcastle upon Tyne, Tyne & Wear, NE1 5RG

The property provides clear ground floor retail space with the benefit of substantial basement storage.  There is a large glazed shop front on to Newgate Street whilst internally there is air conditioning.

Under Offer
Retail

260-262 Shields Road, Byker, Newcastle upon Tyne, NE6 1DX

The unit is part of a modern, brick building under a pitched, tiled roof. The unit provides clear ground floor retail space with rear storage.

Under Offer
Offices

First Floor Unit 1 Derwent Court Earlsway Team Valley Gateshead NE11 0TF – Under Offer

Good access to A1.

Generous on-site parking allocation

Air conditioned & IT cabling insitu.

Good natural light.

Fully self-contained with WC, staff & storage accommodation.

Ready for immediate occupation.

Under Offer
  • Location: Gateshead
  • Tenure: Leasehold
  • Footage: 156.63 sq m / 1,686 sq ft
  • Price: £9,500 per annum
Offices

Azure Business Centre High Street Newburn Newcastle upon Tyne NE15 8LN

The business centre comprises 75 office units over 2 floors offering ideal space for both start up and small businesses. There is a shared reception at the entrance of the building where staff monitors a central switchboard for all units. There are shared toilet and kitchen facilities throughout. Part of the centre is fully accessible to wheelchair users.

24/7 Access, fully alarmed. On-site parking.

Superfast broadband connection.

Monthly Charge includes rent, rates and bills.

Investment Residential and Development

Albion House, St James Street, Newcastle upon Tyne, NE1 4NF

City Centre Student Residential Investment entirely let to Newcastle University until September 2019

Comprising 56 bedrooms, including 8 studio apartments

Located in the heart of Newcastle City Centre very close to both Newcastle and Northumbria Universities

Situated in a vibrant city centre location close to Eldon Square Shopping Centre, China Town and The Gate providing an  excellent mix of bars and restaurants

Rental income of £309,046.70 per annum with a projected income of £349,350 for academic year 2019/2020.

Freehold

Sold
Investment

Dental Practice Investment Portfolio – Entirely let to Whitecross Dental Care Limited

Four dental practices entirely let to Whitecross Dental Care Limited

Whitecross Dental Care Limited last reported £218,090,000 turnover and pre-tax profits of £1,400,000

Experian Credit Risk Score: “Very Low Risk”

Total combined rental income of £74,500 per annum

Seeking offers in excess of £975,000 reflecting a net initial yield of 7.24%

Sold
Investment

Iceland, 90/91 Bedford Street, North Shields, NE29 6QF

High Street Retail Investment For Sale

Situated between Costa Coffee and Co-op Supermarket, the property is ideally located in North Shields town centre in 100% prime pedestrianised section of Bedford Street, opposite the entrance to The Beacon Shopping Centre and 0.1 miles from North Shields Metro Station.

The property is entirely let to Iceland Foods Limited until 12th September 2022 at £66,500 per annum on full repairing and insuring terms. Iceland last reported a total turnover of £2,770,500,000 in March 2017.

Sold
Offices Residential and Development

21 Ellison Place, Newcastle upon Tyne, NE1 8XG

End terrace Georgian property of traditional construction with brick external walls under a pitched slate roof

To be sold with vacant possession providing an excellent opportunity to redevelop

Total floor area of approximately 6,660 sq ft

Seeking offers in excess of £880,000 reflecting a capital value of approximately £133 psf

Sold
Investment

27 Marine Avenue / 1 Park Road, Whitley Bay, NE26 1LX

Mixed Use Investment Opportunity For Sale

Situated in an attractive coastal location in Whitley Bay, close to the newly refurbished Spanish City

The ground floor is let to Boots and Relish Coffee Shop at a combined rent of £17,600 per annum

There is a very large newly refurbished 3 bedroom apartment on the upper floors generating a further £8,100 per annum

Total combined rent of £25,700 per annum

 

 

Sold
Investment

The Running Fox, Felton, Northumberland

Tenants include The Running Fox & The Foxes Den
Combined passing rent of £21,600 per annum.
We are seeking offers in excess of £325,000 reflecting a net initial yield of 6.42%.
Sold
Investment

Picton Manor, Ellison Place, Newcastle Upon Tyne, NE1 8XG

Unique Residential Investment on Northumbria University City Centre Campus.

Situated on the campus of Northumbria University, next to The Wynne Jones Building & The School of The Built Environment.

There are 11 flats comprising a total of 46 bedrooms, 15 shower rooms and 7 bathrooms.  The commercial units on the lower ground floor include letting agency, an office and a coffee shop. There are 9 car parking spaces, 6 of which are fully let on license agreements.

Seeking offers in excess of £5.3m

Sold
Industrial Investment

Industrial Investment – 8A & 8B Mickleton Road, Middlesbrough

Unit A let to Restore PLC at £40,000 pa until 2023

Restore PLC reported total turnover in excess of £176m

Total floor area of approximately 21,062 sq ft

Opportunity to add value by letting Unit B (ERV £32,000 pa)

Offers in excess of £730,000 reflecting a low capital value of
only £34.66 psf

 

Sold
Investment

Co-operative Group Food Limited, Beresford Road, Seaton Sluice, Northumberland, NE26 4DP

The property consists of a purpose built, modern, single storey convenience store with 12 shared car parking spaces to the front & side with side loading.

The store extends to 3,243 sq ft (301 sq metres) GIA and is laid out as a modern convenience store with storage to the rear.

The property is let to The Co-operative Group Food Limited for a term of 20 years from 17 April 2014 on full repairing and insuring terms, expiring 16 April 2034 at a rental of £45,500 per annum. The rent increase is based on RPI with a collar of 1% and a cap of 4%.

Offers in excess of £775,000 are invited for the freehold interest of the property. A sale at this level reflects a net initial yield of 6.27% allowing for purchasers costs of 5.40%

Sold
Investment

Betfred 50 Front Street Stanley County Durham

Let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a 15 year lease from 7th August 2013

Well based passing rent of £12,000 per annum

Betfred have a turnover of £320,000,000 and profits in excess of £20,000,000

Offers over £160,000 reflecting a net initial yield of 7.36%.

Sold
Investment Residential and Development

Residential Investment, 5-8 St James Street, Newcastle, NE1 4NF

The Property comprises four fully refurbished Grade II Listed Georgian terrace properties. The Property has been sensitively refurbished to comply with Listed Building Consent and provides twelve self-contained apartments with 43 bedrooms.

The property is located a short walk from the new Science Central development as well as Newcastle University’s state of the art Business School on Barrack Road. The property is also very close to the RVI Hospital, Eldon Square Shopping Centre, China Town and The Gate.

We are instructed to seek offers in excess of £4,000,000 for our client’s freehold interest, subject to contract and exclusive of VAT.

Sold
Investment

8 Woodhorn Road, Ashington, Northumberland, NE63 9UX

Entirely Let to Undoubted Covenant with £433m Turnover. The property comprises a two storey terraced building which is currently occupied as Specsavers and fit out an opticians

The entire property is let to Specsavers Optical Superstores Limited at £18,000 per annum on an unbroken 10 year lease on FRI terms with effect from 25th December 2012, therefore ending on 24th December 2022. The lease benefits from 5 yearly upwards only rent review pattern

We are instructed to seek offers in excess of £195,000 reflecting a net initial yield of approximately 9.02% assuming purchasers costs of 2.26%

Sold
Investment

30-32 Newgate Street, Morpeth, NE61 1BA

Extensively refurbished in 2008/2009 both internally and externally and arranged to provide seven retail and office premises plus secure parking for up to 4 cars within a gated rear yard

The property is prominently position on Newgate Street, close to Morpeth Town Centre, The Sanderson Arcade and Market Place

Other nearby occupiers on Newgate Street include Age UK, Lloyds Bank, Barnados, Subway and Boots, among other national and regional occupiers. Total rent of £61,650 per annum.

Seeking offers in excess of £650,000 reflecting a net initial yield of 9.02%

Sold
Offices Residential and Development

Scottish Provident House, Mosley Street, Newcastle upon Tyne, NE1 1YF

Substantial Grade II Listed building over part basement, part ground, first, second, third and fourth floors occupying approximately 16,367 sq ft

Scottish Provident House is prominently situated on the corner of Mosley Street and Cloth Market in Newcastle City Centre

The property would be suitable for a scheme of refurbishment works or conversion to residential, subject to the relevant planning and listed building consent

We are instructed to seek offers in excess of £900,000 (exclusive of VAT). A purchase at this level would reflect a low capital value of approximately £54.99 psf.

Sold
Investment

Old Brewery Court, Sandyford, Newcastle upon Tyne, NE2 1XG

Multi let office investment occupied by four tenants

With significant potential for residential development with parking for 17 cars.

The total passing rent of £36,315 per annum which increases to £36,815 per annum in June 2017.

WAULT to lease end is 7.84 years (2.33 years to breaks).

Seeking offers in excess of £450,000 reflecting a capital value of £76 psf

Sold
Investment

Community Shopping Centre Investment, Widdrington Station, Northumberland, NE61 5BJ

Mixed use investment in an expanding Northumberland location

Comprising 10 retail units, a dance studio, 2 garages and 4 flats

Income of £62,610 per annum with 23% secured by The Co-operative Food Group

Seeking offers in excess of £500,000 reflecting a net initial yield of 11.96%

Sold
Investment

Endurance House, Team Valley Trading Estate, Gateshead, NE11 0EF

The property comprises a two-storey office building fully let to 3 tenants producing a total combined rent of £37,150 pa

Team Valley is recognised as one of Tyneside’s most strategic office locations on one of the country’s largest business parks and is home to over 700 businesses employing over 20,000 people

There may be add-value opportunities at lease renewal as well as an opportunity to create further office accommodation on the first floor, subject to planning. Scale drawn plans and 3D imagery of a proposed extension are available on request.

We are instructed to seek offers in excess of £500,000 for our client’s long-leasehold interest, subject to contract and exclusive of VAT.

Sold
Investment

The Swaddle Pharmacy Portfolio Investment

Family owned pharmacy portfolio comprising 8 properties for sale with opportunities to add value

54.06% of the total income secured to Lloyds Pharmacy Limited t/a Lloyds Pharmacy and National Co-operative Chemists Limited

Total combined passing rent of £125,010 per annum, with potential to increase to approx. £134,060 per annum once Eastbourne Gardens is fully let

Seeking offers in excess of £1,200,000 reflecting a net initial yield of approximately 9.83%

Sold
Investment

B&M Retail Warehouse Investment, Delves Lane, Consett, County Durham, DH8 7ES

Stand-alone retail warehouse and large car park with approx 190 spaces

FRI lease to B&M Retail Ltd at a rent of £288,000 pa (£7.09 per sq ft)

Unbroken 15 year lease with 5 yearly upwards only rent reviews linked to RPI, capped and collared between 4% and 1%

Seeking offers in excess of £4,000,000 reflecting a net initial yield of 6.76%

Sold
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