Properties
Tenure
Location
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.
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Coach House Offices, Eggleston Hall. Eggleston, Barnard Castle, DL12 0AG
The Coach House is full of character and is positioned overlooking the impressive grounds and gardens of Eggleston Hall. The property comprises a two storey property made with an attractive traditional ashlar stone.
The offices are located on the first floor and include sliding sash windows allowing plenty of natural light. They are fully carpeted and have raised floor access and the walls are plastered and painted.
There are separate female and male WC’s and a kitchen area. There are 1-2 car parking spaces to the rear of the property and further parking available in a nearby car park. The ground floor is occupied by a cafe operator and a retailer.
Attractive property located in beautiful Eggleston Hall Gardens.
Stunning and tranquil office location.
Available immediately to let on IRI terms.
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Cragside Business Centre, 2nd Floor, Cragside House, Heaton Road, Newcastle Upon Tyne, NE6 1SE
Cragside Business Centre occupies the second floor of this purpose-built office building. The building has recently been refurbished with a new ground floor foyer. The second floor provides ten serviced office suites with sizes ranging from just 85 sq ft to 1,282 sq ft.
Refurbishment to the second floor has included newly painted walls, new carpets and LED lighting. The floor also benefits from a shared meeting room and a shared communal kitchen. Separate WC facilities for the second floor only are available. There is extensive free on-street parking on the surrounding streets.
- Location: Newcastle-upon-Tyne
- Tenure: Leasehold
- Footage: 85 sq ft to 1,282 sq ft.
- Price: from £32.69 per week plus VAT
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19 Fenkle Street, Alnwick, Northumberland, NE66 1HW
Mid terraced 3 storey building. Of stone block construction with a pitched slate roof. There is short stay parking immediately Infront of the property.
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12 Market Place, Alnwick, Northumberland, NE66 1TL
Attractive Grade II Listed building of stone construction under a d pitched slate roof with sliding sash windows. The property is 3 storey with double frontage to Market Place and Bondgate Within.
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F20 Willow Court, Team Valley, Gateshead, NE11 0RU
The property provides two storey office accommodation providing open plan office accommodation on the ground floor with WCs to the rear and further office space on the first floor.
The accommodation comes with 6 car parking spaces.
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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
- Location: Northumberland
- Tenure: Leasehold
- Footage: 3,430 sq ft
- Price: Inclusive Rent £15,000 per annum
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Run of the Mill, Spar Well Road, Winlaton Mill, Blaydon on Tyne, NE21 6RT
The property is a detached building with ample car parking which has been split to provide three distinctive parts let as restaurants, a café lounge and children’s activity centre.
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.
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Unit 2 Kepwell House, Front Street, Prudhoe, Northumberland, NE42 5PW
The original property comprises a single-storey stone built retail unit. The landlord Has recently extended and split the premises into two self-contained retail units. Unit 2 is the left hand side unit and has a glazed shop front and entrance on to Front Street as well storage and WC facilities.
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PROPERTY INVESTMENT – 3-5 Fenkle Street, Alnwick, Northumberland, NE66 1HH
The property consists of a substantial stone building on 3 floors comprising 2 prominent shops and a central doorway providing access to the residential apartments above.
The two shops are let on full repairing and insuring terms with an annual service charge subject to an index linked uplift.
In addition, there are 10 flats, which have been sold off long-leasehold. The flats were originally let in 1992 for 99 years and produce an annual ground rent of £875 per annum.
3 Fenkle Street comprises retail unit, and showroom with WC and staff area together with basement storage.
5 Fenkle Street comprises reception area and 2 treatment rooms with a staff WC and kitchenette.
Flats are accessed to the rear and over the upper floors.
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Office Space at Heworth Hall, Shields Road, Gateshead, NE10 0UX
The property is Grade II* listed, was built in 1730. It served as the Family home of the Russel family until 1919, it then became the headquarters of the brotherhood of St George. In 1929 the property became Heworth Conservative Club until it was converted to office accommodation in 2011.
The property has been tastefully refurbished to provide a range of serviced offices varying in size from 107 sq ft to 2,421 sq ft. The offices can accommodate between 1 to 50 desks.
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22 Front Street, Bamburgh, Northumberland, NE69 7BW
22 Front Street sits in the heart of the very popular village of Bamburgh overlooking the village green. The property is located within a terrace of 6 Grade II Listed cottages constructed from 1809 in Ashlar stone with Welsh slate roofs. The property has extensions to the rear, part two storey and single storey with direct rear access to a back lane with parking.
The current proprietors are retiring after successfully running both businesses for 16 years. The rear section and the upper section were originally occupied as living accommodation by previous proprietors & there is potential for further development within the roof space and to the rear subject to Planning and Listed Building approval.
- Location: Northumberland
- Tenure: Freehold
- Footage: Retail 98.5 sq m / Residential 114.33 sq m
- Price: £750,000
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INDUSTRIAL INVESTMENT – 1 Factory Road, Blaydon-on-Tyne, Newcastle, NE21 5SD
Total combined rent of £89,340 per annum with potential to increase the rent with Boyd Ductwork to around £4.34 psf at rent review in December 2024, which would provide a reversionary rent of approximately £106,000 per annum.
Offers in excess of £1,350,000 are invited for the freehold interest of the property. A sale at this level reflects a yield of 6.25% assuming standard purchasers costs of 6.02% and a reversionary yield of 7.41% assuming uplift to £106,000 per annum and standard purchasers costs. A sale at £1.35m reflects a very low capital value of only £62.41 psf.
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GREGGS & LEISURE 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.
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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.
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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.
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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.
- Location: Newcastle-upon-Tyne
- Tenure: Leasehold
- Footage: 1,096 sq ft
- Price: £16,500 per annum / £15 per sq ft
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
- Location: Newcastle-upon-Tyne
- Tenure: Leasehold
- Footage: 1,747 sq ft
- Price: £15,000 per annum (exclusive)
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DEVELOPMENT OPPORTUNITY – 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
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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.
- Location: Newcastle-upon-Tyne
- Tenure: Leasehold
- Footage: 854 sq ft
- Price: £15,000 per annum (exclusive)
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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.
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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.
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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.
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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.
- Location: Newcastle-upon-Tyne
- Tenure: Leasehold
- Footage: 1,076 sq ft
- Price: £25,000 per annum/OIR £900,000
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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.
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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.
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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.
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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.
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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.
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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%)
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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.
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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.
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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
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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
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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.
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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
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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.
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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.
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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
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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.
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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%.
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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.
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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.
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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.
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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.
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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.
- Location: Newcastle-upon-Tyne
- Tenure: Leasehold
- Footage: 12 sqm to 28 sqm / 130 sq ft to 300 sq ft
- Price: £140.00 plus VAT per month
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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
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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%
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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.
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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
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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
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The Running Fox, Felton, Northumberland
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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
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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
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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%
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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%.
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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.
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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%
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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%
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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.
- Location: Newcastle-upon-Tyne
- Tenure: Freehold
- Footage: 1520 sq m / 16,367 sq ft
- Price: Seeking offers in excess of £900,000
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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
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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%
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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.
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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%
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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%
