Properties

Tenure

Location

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.

Leisure

Former Gosforth Squash Club Moor Court, Westfield, Gosforth, Newcastle upon Tyne, NE3 4YD

The building provides former squash club accommodation. From a  ground floor entrance you go up to the first floor where the squash court is as well as male and female changing rooms. To the first and second floors there is bar and restaurant accommodation. The building has the benefit of a D2 Use Class and could therefore be suitable for a variety of uses including personal training, a dance studio or Pilates.

Investment

31-33 Brenkley Way, Blezard Business Park, Seaton Burn, Newcastle, NE13 6DS

Business Park Offices let to Baldwins Holdings Limited who last reported a turnover in excess of £22m.

The property is let to Baldwins Holdings Ltd on a new 10 year lease with 5 year break at £30,000 per annum. The lease start date is 2 May 2019 and is held on full repairing terms. It has been agreed between the parties that the tenant will self-insure the building. The lease is subject to a photographic schedule of condition. There will be an upwards only rent review in May 2024.

The tenant has also taken a lease at 34 Brenkley Way, Blezard Business Park (not under the vendor’s ownership) therefore demonstrating its commitment to the location.

Offers in excess of £350,000 are invited for the freehold interest of the property. A sale at this level reflects a net initial yield of 8.25% assuming standard purchasers costs of 3.80%.

Sold
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 £61,560 per annum reflecting a low average rent of only £9.90 per sq ft. We believe there may be justification to increase the rent to around £72,260 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 9.24% and a low capital value of only £88.42 psf

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.

Investment

INVESTMENT FOR SALE – McColls Convenience Store, 79 Elwick Road, Hartlepool, Cleveland, TS26 9AW

The whole property is let to Martin McColl Limited for a term of 16.5 years from the 25th August 2018 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 25th February 2025 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.

Under Offer
Leisure Retail

361 Benton Road, Benton, Newcastle upon Tyne, NE7 7EE

The premises comprise a ground floor cafe in a terraced row of retail units. The unit is currently laid out as a café with a deli counter to the front of the shop. In the front section of the unit there is a suspended tile ceiling with recessed lighting as well tiled flooring. The rear section of the unit incorporates a commercial kitchen as well as male and female WCs.

 

The unit has the benefit of A3 restaurant and café planning consent.

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.

Retail

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

The property comprises a ground floor retail unit with large glazed frontage onto Whitley Road. On-street parking is provided to the front of the property.

Industrial

Unit 8 Banks Court, Dunne Road, Blaydon, Tyne & Wear, NE21 5NH

** REDUCED RENT & INCENTIVES AVAILABLE**

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

There is a ground floor block built area to 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 of the property.

  • Location: Gateshead
  • Tenure: Leasehold
  • Footage: 5,134 sq ft
  • Price: £18,250 pa plus VAT (£3.55 psf)
Industrial

Unit 7 Banks Court, Dunne Road, Blaydon, Tyne & Wear, NE21 5NH

** REDUCED RENT & INCENTIVES AVAILABLE**

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

There is a ground floor block built area to 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 of the property.

  • Location: Gateshead
  • Tenure: Leasehold
  • Footage: 4,822 sq ft
  • Price: £17,000 pa plus VAT (£3.53 psf)
Investment 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

Leisure Retail

66 Saddler Street, Durham, DH1 3PG

A4 planning permission has recently been granted.

The property consists of a three storey brick built building with attractive stone façade and pitched slate roof covering. The property is of traditional construction.

The ground floor is accessed to the front of the building via Saddler Street with fire exit to the rear side of the building out onto Saddler Lane, next to Pizza Express.

The ground floor was previously occupied by Coral Bookmakers and we believe leisure uses such as restaurants and bars may suit, subject to the relevant planning and landlord consents.

The premises comprise open plan retail area with WC and storage to the side. Walls are plastered and painted with suspended ceiling and recessed lighting. Original coving and ornate features can be seen above the suspended ceiling.

 

Under Offer
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
Retail

120/122 High Street, Gosforth, Newcastle upon Tyne, NE3 1HB

The property occupies one of the most prominent positions on Gosforth High Street, offering a significant return frontage onto St Nicholas’ Ave, opposite Gosforth Shopping Centre. The property provides ground floor retail space with ancillary storage to the rear and a staff kitchen with W/C. To the first floor there is cellular office space. Whilst the second floor and basement provide additional storage space.

Retail

Unit 3, 305 Whitley Road, Whitley Bay, NE26 2HU

The property comprises a substantial two storey building situated in the heart of Whitley Bay town centre very close to the Park View shopping centre and national retailers including Sainsburys, Iceland, Greggs, Virgin Money and William Hill among others. The property is situated in a prominent corner position at a busy main road junction between Marden Road and Whitley Road.

Retail

25-29 High Street East, Wallsend, Tyne & Wear, NE28 8PF

The property occupies a prominent position on High Street East the main arterial road through the town and there is a bus stop immediately to the front of the premises.

The two shops have been newly refurbished including replacement of the shop fronts and comprise large open plan front retail area with office storage and WC to the rear. There are also bike and bin stores to the rear of the premises.

Under Offer
Investment Retail

222 Westgate Road Newcastle upon Tyne Tyne & Wear NE4 6AP

The property comprises a mid-terraced four storey building. The main walls are of solid brick construction and the roof is pitched with a slate roof covering which has been recently renewed. The property provides a ground floor retail area and on the upper floors is a spacious 6 bedroom flat with reception room, kitchen and 2 bathrooms.

Planning permission was granted for the conversion and the building was extensively refurbished in 2014 (Planning Permission Ref. 2014/0709/01/DET).

Under Offer
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%.

Under Offer
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.

Offices

Unit 3 Abacus House, Meadowfield Industrial Estate, Ponteland, NE20 9SD

Unit 3 is on the first floor and accessed from a self-contained ground floor entrance. The property has 5 cellular offices, kitchen facilities and WCs with showers. The floor is generally carpeted. The walls are in part painted timber panels and in others plastered and painted. The ceiling is painted with strip florescent lighting in the office suites while the common areas have a suspended ceiling with spot lights. There are wall mounted radiators and the windows are uPVC double glazed.

Industrial

Unit 3, Shibdon Business Park, Cowen Road, Blaydon-on-Tyne, NE21 5TX

The subject property is an end-terrace steel portal frame unit with a profile sheet exterior, brick and blockwork walls and a pitched roof. Internally there is a concrete floor, box lighting as well as translucent sky-lights in the roof. A mezzanine floor has been added in the warehouse to provide additional storage. There is a ground floor brick built extension to front of the building providing office and kitchen space along with W/C and shower facilities. Vehicular access is through a full height 3.8m wide electric roller shutter. The minimum eaves height is 4.63m rising to 5.67m at the max. There is staff / customer parking to the front of the property.

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 Retail

81 Clayton Street, Newcastle upon Tyne, NE1 5PW

The property is situated in the heart of Newcastle city centre, very close to Debenhams & Intu Eldon Square shopping centre, The Grainger Market and the newly constructed Maldron Hotel.

The property is located in a prominent position on Clayton Street, close to the junction with Newgate Street. Clayton Street is an improving location, in close proximity to the southern end of the redeveloped InTu Eldon Square, one of the largest city centre shopping destinations in the UK with an annual footfall of 35 million. 150 meters north of the property is The Gate Complex and other retail and leisure occupiers.

Under Offer
Retail

11 Holmeside, Sunderland, Tyne & Wear, SR1 3JE

The property is two storey mid terraced unit with a pitched slate roof. The ground floor provides clear retail space, office and stores. On the first floor there is an office, kitchen and w/c facilitates. The unit could be suitable for a variety of uses subject to planning.

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.

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
Retail

300 Westgate Road, Newcastle upon Tyne, NE4 6AR

The property provides a prominent ground floor retail unit with return frontage onto Corporation Street. There is substantial basement storage which has direct access to the road via a metal roller shutter and is internally accessed by a goods lift. The upper floors are to be retained and re-configured into residential accommodation by the landlord.

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 as well as an open first floor which includes a staff kitchen along with male and female WCs.

Retail

67/69 King Street, South Shields, Tyne & Wear, NE33 1DH

The property comprises a Grade II listed self-contained end terraced four storey building with accommodation arranged as ground floor sales with first, second and third floor storage. The ground floor benefits from a partially glazed prominent return frontage.

  • Location: South-Tyneside
  • Tenure: Freehold
  • Footage: 7,360 sq ft
  • Price: Asking Rent £30,000 / Asking Price Offers over £300,000
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.

Offices

Unit 5 Staithes, The Watermark, Gateshead, NE11 9SN

An impressive two storey detached modern office building of brick construction with a pitched and hip tiled roof. The property incorporates a double height glazed corner reception area and has the benefit of powder coated metal windows and doors. Internal features includes carpeted raised access floors, suspended ceilings with recessed lighting and an 8 person passenger lift. Heating is provided by way of gas fired panelled radiators.  The property comes with 12 allocated parking spaces.

Under Offer
  • Location: Gateshead
  • Tenure: Freehold
  • Footage: 3,494 sq ft
  • Price: Asking Rent: £48,000 pa or OIEO of £450,000
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

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 rollershutter 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.

Residential and Development

Prospect House, Hexham Road, Throckley, Newcastle, NE15 9EA

The premises are located within Prospect House; a two storey property of stone construction under a pitched slate roof. Planning has recently been granted for two ground floor retail units, one of which has A5 hot food takeaway consent in addition to living accommodation to the rear and on the upper floors. One 3-bedroom dwelling at first floor, one 2-bedroom dwelling at second floor in addition to three 2-bedroom dwelling and two 4-bedroom dwellings to the rear.

Sold
Offices

1st and 2nd Floor, 25 Main Street, Ponteland, Newcastle upon Tyne, 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.

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.

5 units remaining available from 490 sq ft to 1,130 sq ft

Suitable for retail, leisure and office occupiers (subject to the relevant planning & landlords consent)

Rents ranging from £13,500 per annum to £15,000 pa

Offices

Charlotte Square, Newcastle Upon Tyne NE1 4XF

Refurbished offices available to let ranging in size from 500 sq ft to 7,200 sq ft

Excellent location in Newcastle city centre in Grainger Town on the edge of China Town.

Situated within an attractive Grade II Listed Building.

Rents available from £7.50 per sq ft.

  • Location: Newcastle-upon-Tyne
  • Tenure: Leasehold
  • Footage: From 136.2 sq m to 524.9 sq m / From 1,465 sq ft to 5,649 sq ft
  • Price: £7.50 per sq ft
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
Retail

17 Fawcett Street, Sunderland, SR1 1RH

Ground floor city centre retail unit

Prominent location close to many local and national operators

Ground floor sales: 82.77 sq m / 891 sq ft

Asking rent of £13,000 per annum (exclusive)

  • Location: Wearside
  • Tenure: Leasehold
  • Footage: 82.77 sqm / 891 sq ft
  • Price: £13,000 per annum
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 Retail

1 Victoria Road East, Hebburn, NE31 1XG

The property is situated on a prominent corner position on  Victoria Road East.

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

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 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

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
Retail

8 Elliott Street, Blyth, Northumberland, NE24 4NR

A ground floor lock up shop unit suitable for use for the preparation and sale of hot takeaway food.

Well located in a heavily populated residential area.

Last used as a fish and chip shop.

Benefit of A5 (Hot Food Takeaway) Planning Consent.

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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