Properties

Tenure

Location

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

  • Location: Teesside
  • Tenure: Leasehold
  • Footage: 215 sq ft
  • Price: £6,500 per annum (exclusive)
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.

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.

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 Residential and Development

Residential Investment Opportunity – Westgate House, 252-258 Westgate Road, Newcastle upon Tyne, NE4 6AQ

Fully let 34 double bedrooms producing £148,070 pa increasing to 38 bedrooms and £179,660 pa by September 2021, following completion of further 4x-1 bedroom garden flats.

Newcastle is home to two leading universities; the University of Newcastle & Northumbria University, both of which have city centre campuses.

Offers in excess of £2,400,000 are invited for the freehold interest of the property. A sale at this level reflects a yield of 7.04% assuming standard purchasers costs of 6.36% and only £63,158 per bed space.

Retail

Unit 2/3 Arndale House, Victoria Road, Concord, Washington, NE37 2SW

The property comprises a large double fronted unit with the benefit of electric roller shutters. Internally the ground floor comprises open retail space with ancillary offices, kitchen, WC facilities with showers the rear. To the first floor there are a number of office rooms as well as additional WCs.  The property may suitable to be split back into two units subject to demand.

Investment

Suite 5, Second Floor, Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3 3LS

The property comprises a second floor office suite in a four storey building accessed from a common entrance. There is a lift access to all floors and WC facilities are located in the common parts.

The accommodation is mainly open plan although there are several partitioned meeting rooms. The space has recently been refurbished and finishes comprise suspended ceiling incorporating recessed LED lights, plastered and painted walls and carpet covered floors. Windows are double glazed throughout.

The property is entirely let to FRP Advisory Trading Ltd (www.frpadvisory.com) for a term of years expiring on 24 December 2031 at a rent of £17,750 per annum with tenant option to break on 24 December 2026. The lease is held on effectively FRI terms by way of a service charge.

Investment Leisure

Run of the Mill, Spar Well Road, Winlaton Mill, Blaydon on Tyne, NE21 6RT

Unit 1 is let to private individuals on a 10 year lease ending 2 March 2027 at a rent of £25,000 per annum with rent reviews on 3 March 2021 and 3 March 2025.

Unit 2 is let to Pineapple and Bears Ltd on a 10 year lease from 12 Feb 2019 with a personal guarantee limited to the 11 February 2023. The annual rent is currently £25,000 per annum increasing to £32,000 per annum from 12 February 2022 and increasing further to £38,000 per annum on 12 February 2027. There are tenant breaks on 12 February 2023 and 12 February 2027 subject to 6 months’ notice.

Unit 3 is let to two private individuals at a rent of £15,000 per annum for a term of years ending on 2 March 2027. There are rent reviews on 17 May 2022 and 17 May 2026.

The total passing rent is therefore currently £65,000 per annum increasing to £72,000 per annum from 12 February 2022 and £78,000 per annum from 12 February 2027.

Offers in excess of £770,000 are invited for our client’s freehold interest reflecting a net initial yield of 8.01% increasing to 8.87% in February 2022 and 9.61% in February 2027. The vendor will top the rent up £72,000 pa to provide a NIY of 8.87% from completion of the sale.

Leisure

23 Pudding Chare, Newcastle upon Tyne, NE1 1UF

The subject property is a three storey building most recently occupied by  Marios Restaurant which had been a long standing and highly successful restaurant in Newcastle city centre.

The property would be suitable for a variety of uses subject to planning.

We also understand that planning is in place for change of use of vacant 1st and 2nd floors to three apartments (Ref: 2014/1298/01/DET).

Investment

21 and 21a Jackson Street, Gateshead, NE8 1EE

The property is fully let to MIND Charity and a private individual trading as a ladies fashion retailer at a combined rent of £27,000 per annum.

Offers in excess of £220,000 are invited for the freehold interest reflecting a net initial yield of 11.98% assuming standard purchasers’ costs of 2.44%.

Offices

Suite 1 Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3 3LS

The property comprises a ground floor office suite in a four storey building and accessed from a common entrance. There is a lift access to all floors and WC facilities are located in the common parts.

The accommodation is mainly open plan although there is a partitioned meeting room, interview room and staff kitchen/breakout area. The space has recently been refurbished and finishes comprise suspended acoustic tile ceiling, incorporating recessed LED lights, plastered and painted walls and carpet covered floors. Windows are double glazed throughout.

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.

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.

Industrial

Unit 6 Banks Court, Dunne Road, Blaydon, NE21 5NH

The subject property is an end-terraced steel portal frame unit with a profile sheet exterior, brick and blockwork walls and a pitched roof. Internally there is a concrete floor, strip fluorescent lighting as well as translucent sky-lights in the roof.

There is a single storey block built area to the front of the building providing office/storage along with W/C. Vehicular access is through a full height roller shutter. The minimum eaves height is 4.63m rising to 5.67m at the max. There is staff / customer parking to the front and adjacent of the property.

Under Offer
  • Location: Gateshead
  • Tenure: Leasehold
  • Footage: 3,903 sq ft
  • Price: £16,000 per annum (exclusive)
Retail

41-42 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
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%)
Investment

Lloyds Pharmacy Investment – 18 Albion Road, North Shields, NE29 0HT

TENANCY INFORMATION

The property is entirely let to Lloyds Pharmacy Limited on a 20 year lease from and including 31 March 2015 at the initial rent of £27,771 per annum. There are tenant break dates on 30 March 2025 and 30 March 2030 and there are rent reviews on 31 March 2025 and 31 March 2020.

The tenant is also permitted to terminate the lease at any time by serving written notice on the landlord if the GP’s surgery at 19 Albion Road, North Shields ceases to operate as a GPs surgery.

The tenant may also end this lease by serving not less than 3 months written notice on the landlord if at any time the number of registered patients at the Priory Medical Group at 19 Albion Road, North Shields falls below 6,250 patients.

PROPOSAL

We are instructed to seek offers in excess of £350,000 for our clients freehold interest, reflecting a net initial yield of 7.64% assuming purchasers costs of 3.80%

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.

Investment Offices Retail

42 Middle Street, Consett, DH8 5QL

The property is arranged on ground and two upper floors to provide a former ground floor banking hall with ancillary accommodation on the first and second floors.

The property benefits from a return frontage onto Mason Street, which provides access to the side and rear.

Under Offer
Retail

17 High Row, Darlington, DL3 7QQ

Town centre retail premises incorporating glazed window frontage affording accommodation over three floors.

Retail

101 Front Street, Chester le Street, County Durham, DH3 3BL

The property is a former bank arranged over two floors with a prominent glazed frontage available in a shell condition comprising kitchen and WC facilities.

Leisure Retail

Unit 8 & 9 Concord House, Speculation Place, Washington, NE37 2AS

The property comprises a versatile ground floor commercial unit formerly occupied by a beauticians. The property could be suitable for a variety of uses but is ideally suited for use by another beauticians, hair dressers, masseurs or similar business.

Internally the unit provides a reception area, nail bar area and seven separate treatment rooms. The floor benefits from a non-slip covering whilst the walls and ceiling are plastered and painted with strip florescent lighting.

Retail

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

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

18A Osborne Road, Jesmond, Newcastle upon Tyne, NE2 2AD

The property comprises entirely ground floor premises formerly occupied as Boots the Chemist but would suit alternative retail and leisure uses subject to planning. The property has a wide retail frontage with substantial glazed elevation with recessed entrance. The property is also immediately outside a bus shop and next door to James Fulton Hair Studio and Sarah Mains Estate Agents.

Under Offer
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.

Under Offer
Under Offer
Offices

1st and 2nd Floor Offices, 25 Main Street, Ponteland, NE20 9NH

The property comprises first and second floor office suite with shared ground floor access in a prominent Grade II Listing building. The suites have the benefit of carpeted floor, strip florescent lighting and WC.

Under Offer
Retail

Ground Floor Unit D, 375 Prince Edward Road, South Shields, NE34 7LZ

Ground floor retail with the benefit of large glazed frontage, suspended tile ceiling and roller shutter. There is a shared rear service area with WC and access to private service yard.

Under Offer
Industrial

L2, INTERSECT 19, TYNE TUNNEL TRADING ESTATE, NORTH SHIELDS, NE29 7UT

Modern detached manufacturing / warehouse space constructed in 2007

Strategic business park location close to A19 (Tyne Tunnel approach) & A1058 (Coast Road)

High quality offices, canteen, lobby/reception and board room

Dedicated car parking & secure serviced yard via two electric sectional doors (5m x 5m)

Total Size: 2,123.5 sq m (22,858 sq ft)

Asking Rent: £125,000 per annum (£5.47 psf)

Under Offer
Investment Leisure Retail

44-50 High Street West, Wallsend, Tyne & Wear, NE28 8HX

The property is two storey mid terraced unit with a pitched slate roof. The ground floor provides retail space with ancillary facilities to the rear. The first floor provides further storage and a kitchen. The unit could be suitable for a variety of uses subject to planning.

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INVESTMENT OPPORTUNITY – The freehold is available to purchase together with the neighbouring retail unit trading as Yazz, which is let on a lease at £10,400 per annum until 24th March 2025 – asking price on application.

Under Offer
Leisure Retail

First Floor, 58 Bridge Street, Blyth, Northumberland, NE24 2AP

The property comprises a first floor former hair salon in a terraced row of retail units immediately above Olivers restaurant. The premises mainly comprises an open plan sales/office space alongside a centrally located kitchen and toilet.

Under Offer
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: 667 sq ft / Unit 2: 560 sq ft
  • Price: £12,500 per annum / £12,000 per annum
Investment Residential and Development

230-234 Whitley Road and 1-9 South Parade, Whitley Bay, North Tyneside, NE26 2TA

The property has been under local family ownership for a number of years and is well maintained, having recently been refurbished including new windows and roof covering

The property is in a very prominent town centre location on the corner of Whitley Road & South Parade

The ground floor is entirely let to six tenants

There are six very spacious flats over the upper floors

Four of the flats have been newly refurbished

Nearby occupiers include Halifax, Subway, William Hill, Greggs, among other national and regional retailers

Seeking offers in the region of £1,100,000

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

Under Offer
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

Under Offer
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

 

Under Offer
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
Offices 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.

Under Offer
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.

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

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.

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.

Under Offer
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.

Under Offer
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.

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.

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

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

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
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

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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