The property comprises a redevelopment opportunity of an existing two storey pub premises of brick and stone construction, as well as a separately accessed first floor apartment. The ground floor provides a large open plan bar area with the bar servery in the centre. Ancillary accommodation includes male and female WCs as well as access to the beer cellar, rear yard and first floor. To the first floor there is the former kitchen as well as staff toilets and office.
The residential accommodation is separately accessed from Church Way and provides a 2/3 bedroom apartment with separate kitchen a bathroom.
3 Fenkle Street is let to a private individual t/a Dovecote Northumberland (candle manufacturer and retailer) on a 5 year lease from August 2023 at a rent of £9,000 per annum on effective FRI terms via way of a fixed service charge. There is a tenant only break clause on the third anniversary of the lease commencement.
5 Fenkle Street is let to a private individual t/a Smile Health Alnwick (chiropractor) on a 5 year lease from January 2024 at a rent of £7,500 per annum on effective FRI terms via way of a fixed service charge.
10 ground rents producing a total rent of £885 per annum.
The total rent is therefore £17,385 per annum
Reflecting attractive NIY of 8.30%
Attractive Grade II Listed building of stone construction under a pitched slate roof with sliding sash windows. The property is on the first floor and was last used as a dentist surgery. The property comprises a large open plan reception/4 separate offices, staffroom, separate toilet and kitchen.
The property comprises ground floor retail premises with additional basement storage. The property was formerly used as a hair, beauty and tanning shop and would suit a number of retail or leisure uses within Use Class E. The property has an extensive timber framed glazed shop front with return frontage, offering excellent visibility from Manor House Road and Grosvenor Road. Internally the ground floor provides open plan commercial space, a staff kitchen/breakout area to the rear and a WC.
The property comprises a ground floor retail unit with double glazed frontage with electric roller shutter, ancillary storage and WC to the rear. The unit was formerly a Thresher Convenience Store but in recent years has been used as storage by the current owner. There is a self-contained flat on the first floor let on an AST. To the rear of the property is a secure yard with locked gates, whilst the frontage is secured via electric roller shutter. Some fixtures and fittings are retained.
The property comprises a ground floor retail area accessed directly from Narrowgate. To the rear of the property is a lower ground floor area offering additional retail space.
The property comprises a ground floor retail area accessed directly from Narrowgate. To the rear of the property is a lower ground floor area offering additional retail space.
The property compromises a detached, stone built two storey office building under a pitched tiled roof. Internally the property provides open-plan office space across two floors, along with meeting rooms, boardroom and staff breakout area/kitchen. The building also provides a reception/waiting area, accessible lift and male, female and disabled W/C facilities.
The property benefits from an excellent car parking provision with 20 allocated car parking spaces as well as additional visitor spaces on the estate.
The property provides self-contained ground floor open-plan office space, along with a meeting room, boardroom and staff breakout area. The accommodation also provides a reception/waiting area, archive room, male and female W/C’s, a shower room and cycle storage.
The specification includes carpeted floors, suspended ceilings, LED lighting, with separate storage and data rooms.
There are 4 car parking spaces.
The property comprises a first floor office within a two-storey brick-built building, which has been subdivided into five units. Internally the property benefits from uPVC doors and windows, a concrete floor, a small kitchen and two WCs. The property could be a suitable for a number of different uses subject to the correct permissions.
This property is available for sale with the bakery as mentioned above and the following:
Also situated on the ground floor is a hair salon which is very well presented, contains its own w/c facilities and is currently trading. Access to this property is gained via the front elevation with entrance on the left.
To the first floor is a very well appointed and modernised spacious two bedroom apartment, currently let out on an AST. This apartment contains a living room with a featured electric fireplace, two double bedrooms, one bathroom containing a bath containing a large separate shower and large utility. The property benefits from gas central heating, mains electricity and has double glazed feature windows to the front.
Fixtures and fittings are to be included within the sale, with all items owned by a third party to be exempt.
Externally there is on street parking to the front of the property. To the rear via private entrance is an enclosed yard leading to a staff toilet, and further storage areas containing four chest freezers and the gas central heating system boiler.
The property would lend itself to a number of different uses with potential to capitalise on both the local population and also the buoyant tourist trade, subject to planning permission.
The ground floor former bakery is currently available with vacant possession, it comprises a retail area to the front of the property and kitchen/storage areas to the rear. Bakery equipment can be available by way of separate negotiations.
To the rear of the retail area is a former bakery containing stainless steel prep benches, fridge, freezer, bread slicer, two microwaves, panini press, gas hob and is ceramic tiled throughout. This area also contains ancillary office space and storage areas.
The property comprises first floor office suites with shared ground floor access in a prominent building. The suites have the benefit of carpeted floors and strip florescent lighting.
The property comprises a ground floor self-contained retail unit with a traditional shop front onto Acorn Road. The unit could be suitable for a variety of uses subject to the relevant permissions.
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.
The property comprises a two storey former bank premises. The ground floor provides versatile open plan space along with a strong room as well as male and female WC facilities.
To the first floor there is open plan kitchen/office/break out space. Externally the property benefits from free customer parking. The property benefits from Use Class E and therefore could be suitable for a variety of uses.
The premises offer two upper floors of commercial space accessed from a shared entrance onto Station Road North. The premises has last been used as a tattoo studio and thus has a number of clean and bright treatment rooms. There is a small staff kitchenette and WC facilities on the first floor. The unit currently operates from a Sui Generis use class as it is a tattoo studio but has permitted development to Use Class E (Commercial, Business and Service) and therefore could be suitable for a variety of end users.
The property comprises 2 portal framed industrial units primarily clad with insulated metal decking, one bay of the larger unit has foam insulation. The larger unit has an integrally built 2 storey block with office accommodation on the first floor and a canteen and WCs on the ground floor. Otherwise the units are all open plan. A secure yard is situated between the units and there is further shared yard space.
The unit is provided with a range of features, such as: ▪ Sodium/halogen lighting ▪ Offices with perimeter trunking and fluorescent diffused lighting ▪ Sectional loading doors ▪ Warm air blower in larger unit.
The property comprises ground floor retail with mezzanine storage area.
Externally there is parking for up to 15 cars shared with the neighbouring occupiers.
Ground floor retail unit with mezzanine storage area to the rear of the Co-op Supermarket.
Externally there is parking for up to 15 cars shared with the neighbouring occupiers.
George F. White are pleased to present a commercial / roadside / employment development opportunity located in Killingworth, North Tyneside. The site amounts to approximately 16.3ac / 6.6ha, with an allocation for employment use.
The land edged blue has planning permission for an Aldi food store (class E). It is anticipated the site will be accessed from a newly installed junction over the land hatched black, subject to conclusion of planning and sale to Aldi.
The site is conveniently located for excellent connections to the A1 and A19.
The property comprises a ground floor retail unit with glazed frontage. WC to the rear.
The property is a two storey building with rendered brick walls, under a slate pitched roof. Internally, the property is well appointed and fit-out as an estate agency office although other uses would suit, subject to the relevant planning permission.
A unique opportunity to acquire this versatile selection of properties, including a bright three-bedroom cottage with adjoining shop with workroom and a detached studio. All located in the heart of Belford Village. The properties would make an ideal investment for the right buyer.
· Unique investment opportunity
· Three-bedroom cottage
· Shop with adjoining workroom
· Detached studio
· Parking for multiple vehicles
The property provides first and second floor office space accessed from its own self-contained entrance on to Acorn Road. The unit benefits from separate male and female toilets as well a staff breakout/kitchen area.
The property comprises a ground floor, glazed frontage retail unit. The unit has been fitted to a good standard internally and benefits from laminate flooring, spot lights, separate staff breakout areas and WC.
The property occupies an end of terrace providing ground floor retail space previously used as a hot food takeaway. The property is of traditional brick construction with windows and an entrance door. Internally there is a front retail service area with kitchen and storage spaces to the rear.
Ground floor retail premises previously occupied by Subway. The premises could be suitable for a variety of subject to the necessary landlord & planning approval.
Old Bewick farm is a traditional Northumberland farm with a range of stone buildings which have been converted and restored into approximately 800m² of offices. Conversion works retain many of the original features to provide a spacious office environment suitable for a wide variety of needs.
The space is currently open plan but could be divided to provide individual office units. In addition there is a shared kitchen, shared reception and workshop space if required together with multi-sex WC’s and shower facilities.
In addition, there are 2 conference rooms which can accommodate up to 20 people.
The property comprises a reception area with breakout offices to the left and a secure service area to the right. The upper floors provide various office accommodation as well as a staff room and kitchen. Services including heating and air-conditioning. The property has the benefit of a secure yard to the rear with parking for up to 7 vehicles extending 0.05 acres.
Ground floor retail unit with a traditional shop front and electronic shutters. Internally the unit provides open space suitable for a variety of uses and WC facilities.
Occupying a gross site area of 0.08 acres or thereabouts;
Vere Road Garage offers 2 no. vehicle repair workshops of traditional stone construction, incorporating ancillary office and WC facilities, providing aggregated internal floor space of circa 1,400ft2 (130m2). The site also benefits from an external surfaced access/parking area, which measures approximately 1,240ft2 (115m2 / 0.03 acres).
Additionally, to the rear of the operational workshop facilities is situated a further 600ft2 (56m2) of unsurfaced expansion land. The business and property is to be sold as a going concern and so all trade-related fixtures and fittings are intended to be included as part of the sale.
Business turnover for the financial year ending 31 March 2022 amounted to £176,531. Net profits over the past 3 year period have averaged at £85,407. Previous years’ financial accounts detailing the recent trading performance of the business can be made available upon request.
Furthermore, the size and layout of the site, combined with the residential character of the immediate locality may give rise to opportunities for alternative use development, subject to obtaining planning consent.
Lot 1 is approximately 412m2 / 0.1 acres / 0.04 hectares. The parcel of land is former garden plot for residential use.
The unit forms part of a terraced row with a shared open yard area to the front. They are single-storey steel portal frame construction and have the benefit of roller shutter doors.
The property benefits from a substantial area of land extending in total to 1.18 ha (2.91 acre).
It includes a purpose built concrete framed industrial unit which has been extended with steel portal frame construction to form a larger warehouse and workshop area.
The southern part of the building is used for trade counter purposes and adjacent to the entrance is a single storey brick office block which benefits from internal offices, WC and staff facilities.
The site is ideal for trade counter purposes, sales, repairs and general storage with the benefit of additional land for future expansion.
The property comprises an established Victorian sea front hotel on Whitley Bay promenade.
The ground floor is split into two sections, the first is to be retained by the hotel operator and will comprise reception and dining areas.
The second is available to let and comprises a former night cub / bar, which is mostly open plan save for some small storage areas and WCs to the rear of the premises.
Our client is seeking a single leisure operator to take the space in its entirety, to compliment the hotel offering.
The Bridgewater Arms compromises an approximate net internal area of 286.5m² (3,084 sq. ft), including a large car park to the front holding approximately 30 car parking spaces. This detached stone construction is a traditional pub which has attractive, charming décor with large windows allowing for light to be exposed throughout. The ground floor contains a large dining area, spacious preparation kitchen, walk in freezer, fully equipped bar, storage, beer cellar, and male & female WC facilities.
Private residential accommodation approximately 75m² (807.3 sq. ft) is located on the second storey with the measurements as follows:
Kitchen: 45m²
Bedroom 1: 13.7m²
Bedroom 2: 7.9m²
Shower Room: 16.7m²
Bathroom: 7.4m²
The property comprises first and second floor office suites with shared ground floor access in a prominent Grade II Listing building. The suites have the benefit of carpeted floors and strip florescent lighting. The first floor uses the communal WCs whilst the second floor has an internal WC suite.
The property comprises a ground floor refurbished retail unit. There are three different rooms whilst there is also the benefit of a kitchenette and WC facilities. The unit has been tastefully refurbished, ready for any tenant to move in with freshly painted walls and ceilings as well as brand new LED lighting. The property could be used for a variety of different uses.
The property comprises a first floor suite, accessed from a communal entrance, which is made up of a number of different rooms with the benefit of its own kitchen and WC facilities. The suite is presented nicely inside with modern carpets and interesting wall paper finishes. The property could be used for a variety of different uses.
Introducing Units 1 & 2, 40 Warton Terrace – An exceptional opportunity to secure a space in a premier development in the heart of the vibrant Chillingham Road Area.
This commercial property is a standout, positioned at the prominent junction of Warton Terrace and Chillingham Road, boasting an incredible volume of pedestrian and vehicular traffic. With it’s distinctive external kerb appeal, this space is sure to catch the eye of the many passers-by.
Immerse yourself in a fully upgraded environment, thoughtfully designed. The recent extensive back to brick refurbishment includes energy-efficient enhancements like LED lighting and thermal insulation, ensuring cost-effective operations while fostering sustainability. The property is fully wheelchair accessible for individuals with disabilities.
Operating under use class E, the versatility of this space opens up possibilities for various business ventures, including salons, beauticians, offices, retail, café’s etc.
The property comprises a three storey, end terrace brick-built building with a self-contained ground floor entrance. To the first floor there is a large open plan dining room with a bar area, male and female WCs as well storage.
The second floor incorporates a private function room with its own bar as well as the kitchen which is linked to the first floor via a dumbwaiter and has the benefit of two cold freezer/cold rooms. There are both male and female as well as staff WCs on the second floor as well.
The property provides two storey office accommodation providing a combination of open plan office accommodation and dedicated training rooms. There is a kitchen on the first floor and WCs on both ground and first floor.
The accommodation comes with 11 car parking spaces.
The property provides two storey modern, open plan office accommodation. There is an independent gas fired heating system, WCs and kitchen facilities. Car parking is available within the central courtyard.
The property is held by way of a long ground lease dated 10 December 2021 until 21 February 2115 at a peppercorn rent. The occupational lease is to Chemistry Marketing (North East) Ltd on a 5 year FRI lease (3 year break) from 20 October 2021. The passing rent is £12,070 per annum.
Offers are sort with an asking price of £135,000, reflecting a net initial yield of 8.78%.
Prominently situated in an affluent Northumberland town with a very strong resident and tourist trade
The premises comprise an upper ground floor unit, within an attractive Grade II Listed Building and provides good quality accommodation with self-contained facilities.
Internally the space is open plan but could be sub-divided to form front and rear areas. To the rear there are storage, kitchen and toilet facilities together with rear access for deliveries. The premises would suit a wide range of potential occupiers, subject to the relevant planning consents where applicable, and are available by way of a new lease.
The premises comprise a ground floor office/retail unit that forms part of an end terrace 3 storey property. The property is finished to an exceptionally high standard throughout, and there is the possibility of including external areas, first floor accommodation and 2 car parking spaces in the demise, subject to negotiation. The property currently provides high end office accommodation occupied by the landlord.
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.
The subject property occupies a prominent corner plot providing ground floor retailing space previously used as a dry cleaners. The property is of traditional brick construction with a traditional glazed shop front. Internally, the accommodation provides a front retail section with storage behind, however, could easily be opened into one larger space. The property could be suitable for a variety of different uses, subject to the necessary permissions.
The subject property provides ground floor office accommodation with large board room, two smaller glass portioned offices and a larger open plan office with tea station. Shared WCs are available in the lobby.
The property occupies first and second floor office space in a prominent position on Gosforth High Street. Accessed from a self-contained front door, internally the property is made up of a series of office suites which benefit from carpeted floors and LED lights. There are of male and female toilets in the premises whilst heating is by way of a gas-fired central heating system. There is a car parking space to the rear available by way of a separate licence.
The property comprises a single story, detached brick-built building of traditional construction with a hipped, tiled roof. To the rear of the property is a lower single storey extension with a metal corrugated lean to roof. To the front of the property is a large ornate timber door. Ceilings are a mixture of suspended ceiling tiles to the front of the property and no ceiling to the area of the rear elevation. Walls are painted and plastered whilst internally there is a mix of carpet, concrete and painted concrete floors.
Externally the property has space for approximately 5 car parking spaces to the front whilst there is a gated yard on the western boundary.
We are instructed to seek offers in excess of £325,000 (Three Hundred & Twenty Five Thousand Pounds) for our client’s freehold interest. £325,000 represents a net initial yield of 8.02% assuming purchasers costs of 4.33%.
Entirely let to strong tenants on re-based rents
Salvation Army reported turnover of £281m (2022)
Savers reported turnover of £567m and £340m pre tax profits
The subject property provides ground floor accommodation last used as a shop. The property has the benefit of a sales area with WC.
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
The subject property provides ground floor accommodation last used as a shop. The property has the benefit of a sales area with WC, staff area.
Mid terrace two storey office building.
The ground floor comprises smaller modular office space with WC.
The first floor comprises a large open plan office space.
There are demised parking spaces to the front of the property with additional unallocated spaces in the middle of the estate.
The vendor intends to sell a cleared site with vacant possession.
Currently, the site comprises a large bus depot with offices constructed between the 1900s and 1950s.
Vehicular access is from four entrances at the front; one of which extends through a covered canopy area. There is also access between the two office blocks at the front into the warehouse and there are also two access doors into the front yard.
55 apartments, garages, private on-site parking & separate annex block |
Affluent location overlooking the Town Moor
George F. White are delighted to sell two wind turbines located in Lincolnshire.
Both turbines are FIT and REGO accredited providing guaranteed government backed income streams as well as the associated green credentials.
Comprising two ROO-FIT accredited 500KW wind turbines, commissioned in 2015. Both EWT turbines were constructed with a 50m hub height and rotor diameter of 54m.
We have estimated that the turbines will offset approximately 23,500 tons of CO2 within their lifetime.
The PPA rate on Turbine 2 has been agreed to increase to £148.39/MWh from £67.28/MWh representing an uplift of 111%. The renewal rate on Turbine 1 has not yet been agreed but is expected to increase by a similar rate with effect from 1st April 2023.
The Feed In Tariff on both turbines benefits from uncapped RPI linked uplifts on the 1st April every year.
Combined income over the last 4 years has averaged £450,000 per annum. The recent market volatility in the energy sector has shown significant increase in the revenue generated from electricity sales.
We have recently seen 150% growth on renewal terms and anticipate this growth to continue as the demand for renewable energy increases.
Based on previous output levels & contracted PPA and FIT rates we expect to see revenue in excess of £800,000 for the financial year 2023/2024.
Steel portal frame.
Mezzanine with office and storage space.
Currently under refurbishment
Access via electric roller shutter door.
The property comprises a ground floor, glazed frontage retail unit. The unit benefits from tiled flooring, LED lighting and three phase electricity. There is a separate staff kitchen, storage rooms and WC facilities.
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 155 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.
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.
The property provides a three storey terraced building with two car parking spaces to the front. The ground 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.
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.
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.
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.
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.
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.
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.
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.
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 £22,500 per annum are sought for the ground floor retail area. All other terms to be agreed
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%.
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
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%
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.
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
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
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
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
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%
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.
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%
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.
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
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%
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.
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%
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%