Properties

Tenure

Location

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.

Residential and Development Retail

90 Front Street East, Bedlington, Northumberland, NE22 5AE

The property comprises two ground floor retail units, with a very well presented 3-bedroom flat on the upper floors and off-street car parking to the side of the building. The property is of pre-war tradition construction, with brick elevations under a pitched slate roof. Ground floor 90a comprises solid carpeted flooring, suspended ceiling with recessed lighting, electric roller-shutter with kitchen and WC to the rear. Ground floor 90b is currently occupied by a dog grooming company at £7,000 per annum. The flat is accessed to the side of the building and comprises a well-presented and good sized 3-bedroom flat, with kitchen, lounge, bathroom and 3 bedrooms with full wet heating system, modern boiler and thickened, single glazed sliding sash windows.

Industrial Leisure Offices Retail

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

Ground floor workshop and office

Popular Location

Ground Floor: 47.00 Sq M (506 Sq Ft)

Asking rent £10,000 per annum

Leisure Offices Retail

50 Clayton Street, Newcastle upon Tyne, NE1 5PF

Prime City Centre, four storey retail premises

Ground floor sales area of 74.1 sqm (798 sq ft) and 6.05m frontage

Asking Rent: £25,000 per annum

Accommodation totalling 242m2 (2,607ft2) over basement, ground and three upper floors

Leisure Offices Retail

572 Durham Road, Low Fell, Gateshead, NE9 6HX

  • Ground floor retail space
  • Popular High Street location
  • Ground Floor: 86.08 Sq M (926 Sq Ft)
  • Asking rent £14,000 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
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

Offices

Eltringham Works, Prudhoe Northumberland,NE42 6LP

The property comprises a modern self-contained office on the 1st floor of a three story office building on the industrial Eltringham Works site.

The specification of the suite includes:

  • Raised access flooring with both Cat 5 Ethernet ports and power sockets
  • Suspended tile ceiling with recessed lighting
  • Air conditioning
  • Full wet heating system
  • Aluminium framed windows
  • Separate male & female toilets
  • Kitchen facilities
  • Separate boardroom
  • 3 training/interview rooms
  • Secure onsite parking for 8 cars plus visitor spaces

 

Investment Offices Residential and Development

Athelstan Court, College Business Park, Ripon, HG4 2RL

Ripon is an attractive cathedral market town located approximately 31 miles north of Leeds, 12 miles north of Harrogate and 27 miles west of York. Athelstan Court is located on the College Business Park which lies approximately 0.6 miles north west of Ripon town centre.

The building has a total net internal floor area of approximately 11,890 sq ft. There are also 70 dedicated car parking spaces. Total site area 1.87 acres (0.76 ha). Floor plans are available on request.

Considerable exploration has been done by the current owner regarding the ground conditions in the undeveloped land and this can made available to those with a serious interest in the site. Subject to prior approval being sought, we understand that temporary permitted development rights currently apply in respect of the office building and change of use of premises from a B1(a) office use to C3 residential use currently applies. Interested parties are urged to make their own enquiries in this regard. We are also expecting planning permission to be granted on the land to the north of the building for 8 units

Under Offer
Retail

Unit 6, Station Buildings, Saltburn by the Sea, TS12 1AQ

Constructed in 1862 the property comprises the former railway station buildings which have been converted to provide a Grade II Listed retail parade, totalling ten retail units.

The property is of masonry construction with cream brickwork and dressings, under a pitched Welsh slate roof with brick and ashlar chimneys. The central block (Unit 5) within the property has a portico with decorative plinths. The windows are cast iron and single glazed

Under Offer
Retail

Former Post Office, Victoria Road, Consett, DH8 5AA

The subject property comprised the town centre’s former post office, offering clear clear ground floor retail space with ancillary storage. The property is in the process of being separated from the upper floors, more details are available on request. Externally there is a shared rear service yard with parking. The property could suitable for a variety of uses subject to the relevant planning permissions.

Offices

21 Heaton Road, Heaton, Newcastle upon Tyne, NE6 1SA

The property comprises a purpose built office building. The second floor provides a mix of open plan and cellular offices with kitchen and male and female WC facilities. There is parking directly to the rear of the property.

Leisure Offices

8 Regent Terrace, Gateshead, Tyne & Wear, NE8 1LU

The property comprises three storey accommodation with basement in a Grade II listed building constructed around 1860. The property has most recently been used as café but could easily be converted back to offices. Internal features include an open plan ground floor café/ reception area, a gas fired central heating system and good natural light provision.

Offices

48a Osborne Road, Jesmond, Newcastle upon Tyne, NE2 2AL

The property comprises the first floor of a mixed use three storey early 1900s building. Internal features include Cat II louvre lighting, male and female WC facilities to each suite, 3.2 meter floor to ceiling height and wall mounted electric heating.

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.

Investment

HSBC, 30 Bondgate Within, Alnwick, Northumberland, NE66 1TD

Prominent and attractive Northumberland town centre property in an area popular with tourists

Accommodation over 4 floors

Nearby occupies include Newcastle Building Society, Iceland & Lloyds

Size: 261.06 sq m (2,810 sq ft)

Entirely let to HSBC at £30,000 per annum until 7th November 2022 (tenant not in occupation)

Seeking offers in excess of £400,000

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.

Retail

50 King Street, South Shields, Tyne & Wear, NE33 1HZ

The property comprises a mid-terraced four storey building with accommodation arranged as ground floor sales with ground floor offices, first, second and third floor storage. The ground floor benefits from a glazed prominent frontage with the benefit of electric security roller shutters.

Leisure Offices Residential and Development Retail

2 DARRAS ROAD PONTELAND NE20 9NH

Unit 1 comprising the ground floor of the original bank has planning permission for Class A3 (restaurant and café)/A5 (hot takeaway food) usage with floor area of approximately 132.76 sq m (1,429 sq ft). 

Unit 2 comprises the new glass box extension overlooking the River Pont which also has Class A3  / A5 

The first floor, with independent access from Darras Road, has planning permission for a spacious 3 bedroom apartment over two floors. The upper floors can also be retained as office accommodation if desired.  

Alternatively, the whole building, including all three sections can be occupied by a single tenant.

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

HERON FOODS INVESTMENT – Chester Road, Shiney Row, DH4 4RB

Long Income Freehold Convenience Store Investment

The property is entirely let to Heron Foods Ltd from 11th November 2019 on an unbroken 10 year lease at £42,500 per annum

Heron Foods Limited last reported (2018) total turnover of £393,820,000 and pre-tax profits £8,780,000

Offers in excess of £625,000 (Six Hundred and Fifty Thousand Pounds) are invited for the freehold interest of the property.

A sale at this level reflects a net initial yield of 6.47% allowing for purchasers costs of 5.18%

Retail

Unit 4, Rear of Old Co-op Building, Grangemoor Road, Widdrington Station, NE61 5NF

Ground floor retail unit immediately next door to Saameer Indian Restaurant and to the rear of the Co-op Supermarket. The premises comprise fluorescent strip lighting and there is a three phase electricity supply. There is a wooden framed shop front with double glazed units. Externally there is parking for up to 15 cars shared with the neighbouring occupiers.

Investment

LEISURE INVESTMENT FOR SALE – 580 – 580a Durham Road, Low Fell, Gateshead, NE9 6HX

TENANT’S BUSINESS IS NOT FOR SALE

Long Income leisure investment opportunity let until May 2030 (without breaks) at the passing rent of £37,500 per annum.

The property comprises an end terrace building with brick elevations under a flat roof and has been trading as an Italian restaurant since 1961. The property currently trades as Rosa 12.

Internally the property comprises restaurant seating across basement, ground and first floors offering 150 covers, with kitchen and preparation areas over ground and basement. There is a private function suite at basement level with additional bar area.

Retail

First Floor, 367 Benton Road, Benton, Newcastle upon Tyne, NE7 7EE

The premises comprise a first floor former hair salon in a terraced row of retail units immediately above Subway. The majority of the premises are laid to a hair salon with an office and toilet facilities.

Retail

10 St Lukes Terrace, Pallion, Sunderland, SR4 6NQ

The property comprises a single storey building with front sales area and storage to the rear.

Investment

INVESTMENT FOR SALE – Station Buildings, Station Square, Saltburn-by-the-Sea, TS12 1AQ

Saltburn is a seaside resort on the east coast of North Yorkshire, approximately 13 miles east of Middlesbrough.

The Station Building hosts weekly and monthly markets and the annual Saltburn Food Festival which attracts over 20,000 people is centred on the Station Building.

Constructed in 1862 the property comprises the former railway station buildings which have been converted to provide a Grade II Listed retail parade, totalling ten retail units.

Total passing rent of £63,710 per annum reflecting a low average rent of only £10.24 per sq ft. We believe there may be justification to increase the rent to around £74,460 per annum

Offers are sought in excess of £550,000 (Five Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this price reflects an attractive net initial yield of 9.61% and a low capital value of only £88.42 psf

Under Offer
Retail

85 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 Thomas Cook travel agent and provides ground floor retail space with ancillary storage on the first floor.

Residential and Development

Land at Netherton Park, Stannington, Northumberland

**OFFERS INVITED BY 1 NOVEMBER 2019**

A residential development site with an outline planning consent for up to 77 homes with no affordable housing requirement. The site was formerly part of the Netherton Park Childrens Home, but following the closure of all but the secure unit, the  surplus land is now being offered for sale by the Netherton Park Trustees. The site is shown edged red on the plan and comprises a mixture of undeveloped grassland and derelict buidings that will require demolition. The consent is outline
in all respects other than access. There will be no affordable housing requirement on site, nor any commuted sum towards off site affordable housing provision. The site extends to approximately 21.2 acres gross with a net site area of approximately 17.1 acres.

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 £27,500 per annum. The vendor will top up the rent to £28,329 per annum from completion until 19th May 2020 by way of a reduction in the purchase price.

For the year ending 27th November 2016 reported a turnover of £518 million, a pre-tax profit of £25 million and shareholder’s funds of £160 million. The combined group has a turnover in excess of £1bn. It employs nearly 20,000 full and part-time staff and is visited by over 4.5 million customers every week.

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.

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.

Retail

23 Nelson Street, Newcastle upon Tyne, NE1 5AN

The property comprises ground floor retail premises within a mid-terrace building with stone front façade. The property has one entrance facing Nelson Street and one into the Grainger Market. The property currently retains the previous tenant’s fit out with a modern security counter and screen.  There is air conditioning in the unit as well a suspended tiled ceiling and a mixture of laminate and carpeted floors. The property and also has the benefit of basement storage.

Offices Retail

30 Bondgate Within, Alnwick, Northumberland, NE66 1TD

The building comprises an impressive period stone property with accommodation over basement, ground, first and second floors.

The premises are currently let to HSBC at a rent of £30,000 per annum until 7th November 2022. The lease is available by way of an assignment.

Alternatively, the freehold interest of the property may be available to purchase subject to the existing tenancy – price on application.

Offices

One Central Parkway, Neville Street, Newcastle upon Tyne, NE1 3BZ

The premises are ideally situated adjoining Central Station providing ease of access to local trains and the metro system.

The property is also well positioned in Newcastle city centre and ideal for central pubs, bars, restaurants and other leisure facilities.

One Central Parkway is a traditional Grade II Listed Building that has been refurbished in a contemporary style.

7,388 sq ft is available immediately and there may be an opportunity to take on additional space in the future

The premises provide fully fitted top quality open plan modern offices with air conditioning, central heating, 9 person passenger lift, shared kitchen and staff canteen, shared male and female WC facilities.

By way of an assignment the premises are available at a rent of £10 psf and service charge of £4.45 psf

Industrial

Former MKW Premises, Stargate Industrial Estate, Ryton, NE40 3EX

This is approximately 0.35 hectares (0.86 acres).

The eaves height is approximately 6 m (20 ft). At the southern end of each bay is an electric metal roller shutter loading door each with a width of approximately 5.5 m (18 ft) and a height of 6 m (20 ft). The eastern bay has a 3 and 5 tonne travelling crane. The western bay has 2 No 10 tonne travelling cranes.

To the west of the main building is a more modern workshop.  There is an electric roller shutter door on the south elevation measuring approximately 4 m (13 ft) by 5 m (16 ft 6 in). This space includes a 1 tonne side to side gantry crane.

LED lights are fitted and the property has a 50Kw solar energy system that generates a feed-in tariff of approximately £10,000 per annum until 2032.

Additional parking is available to the south of the estate

  • Location: Gateshead
  • Tenure: Freehold
  • Footage: 21,992 sq ft
  • Price: £700,000 / £70,000 pa exclusive
Investment Retail

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

Greggs plc – new 10 year lease from 16th November 2017 at a rent of £16,250 per annum. The lease expires on 15th November 2027 and there is a tenant only break on 15th November 2022.

Gloria’s Italian Restaurant – 7 year lease from 22nd June 2016 at the passing rent of £20,000 per annum. The tenant break on 21st June 2018 was not exercised.

Total rent is therefore £36,250 per annum.

Greggs Plc – Experian Credit Risk Score: “Very Low Risk” (20/12/2017) Total Turnover: £960,005,000 & Pre-Tax Profits: £71,945,000

Offers in excess of £465,000 are invited for the freehold interest in the property. A sale at this level reflects a net initial yield of 7.46% allowing for purchasers costs of 4.54%.

Leisure

The Boathouse, Newburn, Newcastle upon Tyne, NE15 8NL

The available property consists of the ground floor of a traditional, historic stone brick building on the banks of the River Tyne. Externally there are three separate outdoor seating areas which could be used as dining terraces with picturesque views across the Tyne.  Following recent damage, the premises are to be completely re-fitted. Ideally the new internal layout will be agreed with the successful tenant but the area will consist of the space marked red on the plan attached.

We are seeking a tenant with a back ground in food to run a food led operation who can make use of the charming setting and river views.

Retail

28 Nun Street, Newcastle upon Tyne, Tyne & Wear, NE1 5AQ

The property comprises ground floor retail premises within a mid-terrace building with stone front façade. The property has the benefit of a basement in which there is a kitchen and WC.

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.

Retail

18 John Street, Sunderland, SR1 1HT

The property comprises a retail unit fronting onto both John Street and Athenaeum Street.

The unit has the benefit of a return glazed frontage, suspended ceiling, recessed lighting and a laminate floor. Ancillary space includes a staff kitchen/breakout area, rear manager’s offices and basement storage. The property benefits from a rear car parking space whilst additional parking may be available by way of a separate licence.

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.

Retail

237-239 Chillingham Road, Heaton, Newcastle upon Tyne, NE6 5LJ

The property comprises a ground floor mid-terraced retail unit.  The units benefits from a large glazed frontage and a wooden floor throughout the front sales area. The ancillary space includes a staff break out/kitchen area and a separate office. Whilst there is also a large storage room currently used as kitchen facility for baked goods. There are separate customer and staff WCs.

Offices

The Bruce Building, 115 Percy Street, Newcastle upon Tyne, NE1 7RY

The building provides unique and attractive office space over ground and first floors within a prestigious Grade II Listed building. The current space available is in the former board room comprising solid hard wood floors, wooden panelling and ornate coving, architrave and stained glass windows.

Specification within the rent includes – Key fob, intercom & electronic door entry system, Electricity, gas & central heating, water & drainage. Repairs & maintenance, cleaning, shared kitchen & toilet facilities. Buildings insurance. Floor mounted trunking with data cabling and power points. PIR motion sensor lighting. On-site facilities management.

Excludes wi-fi, telephone & business rates

Leisure Offices Retail

31-37 Blandford Square, Newcastle upon Tyne, NE1 4HZ

Excellent City Centre Location overlooking St James Boulevard, close to Hadrian’s Tower, Newcastle College, Discovery Museum, Centre For Life and only a a short walk to Central Station.

The property is currently being refurbished to provide modern retail units and office accommodation across the three levels. The units could be suitable for a variety of uses subject to gaining the relevant planning permission.

Offices

Unit 5 Bearl Farm Stocksfield Northumberland NE43 7AJ

Two Storey Office Suite

The office has a kitchenette, WC facilities and is heated via a “district” biomass woodchip under floor heating system.

Popular Rural Office Development. Situated only 500m from the A69. There is a good provision of on-site parking available

There is an additional service charge payable estimated at £2,855 per annum + VAT and Heat Charge £1,300 + VAT per annum.

For further information please visit the Allendale Estates Website: https://www.allendale-estates.co.uk/business-parks/

Offices

Unit 3 South Acomb Farm Stocksfield Northumberland NE43 7AQ

Grade II Office Accommodation

The office can be let as a single unit or alternatively on a room by room basis – with the kitchen and WC facilities being shared.

Good Onsite parking

Asking rent of £10.50 per sq ft + VAT (inclusive of service charge).

For further information please visit the Allendale Estates Website: https://www.allendale-estates.co.uk/business-parks/

  • Location: Northumberland
  • Tenure: Leasehold
  • Footage: Suites from 13.37 sq m / 144 sq ft to 201.4 sq m / 2,168 sq ft
  • Price: £10.50 per sq ft
Offices Retail

1 Victoria Road East, Hebburn, NE31 1XG

The property is situated on a prominent corner position.

The property comprises the whole of 1 Victoria Road East.

Very close to Hebburn town centre within a well-established residential area.

£175,000 / £15,750 per annum

Total ground floor area of approximately 1,063 sq ft with a further 830 sq ft on the first floor.

Nearby occupiers include Andrew Craig estate agent, Dhillons fish and chip shop, Subway, Savers and Asda supermarket

Offices

1st & 2nd Floor, 79 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 retained a number of original period features but also benefits from new uPVC double glazed windows and a gas central heating system.

The property includes a small kitchen and WC facilities.

Prominent High Street Location

Under Offer
Retail

12 Fewster Square, Gateshead, Tyne & Wear, NE10 8XQ

The property provides clear ground floor retail space at a shell specification. There is provision for rear storage and an internal WC. Externally there is a large rear garage suitable for vehicle or goods storage.

Popular retail parade location

Nearby occupiers include Greggs, Ladbrokes and Co-op Food

Offices

Vermont House Concord Washington NE37 2SQ

A self-contained office building comprising a range of individual single storey offices with a two storey feature entrance around a communal landscaped courtyard.

All office suites benefit from carpeted concrete floors, plaster and paint wall finishes, fluorescent strip lighting and central heating by way of wall mounted radiators. There is a secure entry phone system attached to all suites.

Communal toilet and kitchen facilities are situated within the lobby areas. On site car parking is immediately adjacent to the building

  • Location: Gateshead
  • Tenure: Leasehold
  • Footage: 124.7 sq m / 1,343 sq ft
  • Price: £10.00 per sq ft
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

1st Floor Office Suite Grangemoor Road Widdrington Station Morpeth

The 1st floor provides self-contained office accommodation within a period/listed building.

The ground floor lobby is shared with the occupier of The Dance Studio. Access to the lobby and to the first floor is off Grangemoor Road immediately to the left of the Co-op convenience store.

Flexible easy in easy out terms

1st floor office accommodation within a period/listed building. Low rateable value of £2,520

Leisure Retail

20 Pilgrim Street Newcastle upon Tyne Tyne & Wear NE1 6QG

The property is arranged over 5 floors.

The accommodation has recently been refurbished, and would be suitable for service users who could utilise the large first floor accommodation.

Prominent, Refurbished City Centre Retail Unit.

Nearby occupiers include The Tyneside Cinema, Vicolo Bar and McColls.

Situated opposite the proposed ‘Stack’ shipping container box park

Retail

Ground Floor Shop Plummer House 11 Market Street Newcastle upon Tyne NE1 6NF

The property will be let as a retail shell with benefit from a large glazed shop front onto Market Street with mains services including gas, electricity, water and drainage. Plummer House is on the corner of Croft Street and Market Street in the centre of Newcastle upon Tyne close to Carliol Square and with good vehicular access to A167 and the Tyne Bridge.

The property is situated to the east of the city centre close to the Laing Art Gallery where there is a high concentration of offices in the immediate vicinity such as Higham House, Hadrian House, Bamburgh Court.

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
Investment

100 Front Street, Chester-le-Street, DH3 2BA

Ground flood is let to William Hill Organization Limited

Recently re-based rent of £37,500 per annum

Four refurbished apartments on upper floors

The upper floors generate a further £28,020 per annum

Total rental income of £65,520 per annum

Prominent position on Front Street, in Chester-le-Street town centre with good transport links

Seeking offers in excess of £700,000 reflecting a NIY of 8.91% assuming purchasers costs of 5.3%

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
Offices Residential and Development

9-11 & 13 St James Street, Newcastle upon Tyne, NE1 4NF

Excellent development potential

Period office building extending to approx 6,100 sq ft over 4 four floors

Located within Newcastle city centre close within close proximity to Newcastle University and Eldon Square Shopping Centre

Seeking offers in excess of £685,000 reflecting a capital value of approximately £112 psf

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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