The property is situated on King Street in Barnard Castle, ideally positioned in the heart of the town centre. This former café/restaurant offers direct access to the neighbouring supermarket car park, enhancing visibility and customer traffic. Nearby occupiers include Maxwells DIY, Morrisons Supermarket, and Yorkshire Trading Co., among others.
The unit occupies an attractive and imposing stone building arranged over two floors, featuring a self-contained ground floor entrance. Internally, the property comprises a large dining area, kitchen, storage rooms, office, and WC on the ground floor. The first floor includes another spacious dining room, along with both male and female WCs.
Site extending to 50.70 acres / 20.52 hectares
Located to the South of Wingate
Residential strategic development opportunity
PROPOSALS INVITED BY Noon Thursday 23rd January
The property comprises a detached steel framed industrial unit with brick an block infill. The roof is of profile sheet cladding whilst the windows are UPVC double glazed.
Internally the property is separated into two distinct sections with offices to the front along with staff welfare and kitchen facilities. To the rear of the unit is the workshop which benefits from a concrete floor and vehicle inspection pit. There is also s small mezzanine floor used as storage. Rear door electric roller shutter access leads on to the yard space which is of tarmac construction.
Ground floor retail unit with full window frontage, suspended ceiling, laminate flooring and single glazed timber framed windows. This unit is fit out to a good standard and would be readily available for an upcoming tenant.
GFW are pleased to present this residential development opportunity located in Newbiggin-by-the-Sea, Northumberland.
The Site extends to 5.8 Acres / 2.35 Hectares and was formerly home to the Moorside County First School which was closed in 2011 and subsequently demolished in 2013. GFW are instructed to seek offers sought by way of informal tender by no later than 17:00 on Thursday 14th November 2024
The property comprises the ground floor retail unit of a three storey, mid terraced property of traditional brick construction with a pitched tiled roof. The property has a traditional single glazed shop front. Internally the property provides a cleared retailing space with a rear staff kitchen and WC. Externally to the rear there is a small yard and external storage shed. The property has been decorated to a high standard internally with new laminate floors, plastered and painted walls and ceilings as well as spot lights.
A mid-terraced, three-story building of stone block construction with a pitched slate roof. The property benefits from short-stay parking immediately in front.
A mid-terraced, three-story building of stone block construction with a pitched slate roof. The property benefits from short-stay parking immediately in front.
Development opportunity located at Longframlington, Northumberland with planning permission for a single residential dwelling
The property is situated on Hide Hill which runs north to south located centrally in Berwick and comprises the prima-ry retailing thoroughfare. It is situated towards the eastern end of Marygate on the east side of the street, nearby to the junction with Woolsmarket.
The property compromises a mid terrace ground floor retail accommodation. The property is currently tenanted by longstanding tenant Timpsons with an unexpired term of approximately 5 years.
Commercial / industrial development opportunity located on the Invista Site at Wilton , Teesside. The site extends to 19-hectare / 47 acres and is currently allocated for employment and as such could be suitable for a variety of uses subject to relevant permissions.
We are inviting offers by no later than NOON on Wednesday 23rd October 2024
Self contained ground floor office / retail suite with front entrance direct from car park.
Open plan office / retail area with small kitchen and WC off all recently refitted.
Note internal photo shows unit while work underway
The property comprises a self-contained, detached unit of steel portal frame construction with brick and cladding elevations. The unit provides a clear warehouse space as well as office/welfare facilities. The office/welfare facilities include a boardroom, w/c, kitchen/breakout space A/C, suspended ceiling and LED lights. The main warehouse has good ridge height of 8.2m, 3 phase power and reinforced concrete floor. The property also benefits from mains gas supply and a large secure yard
A self-contained ground floor office suite fronting onto Vermont House. Access to the front and also from the courtyard.
The suite is self contained with WC off the rear lobby, large open plan office, kitchen and 2 private offices/meeting rooms/stores.
The recent refurbishment / works include:
* New grey oak click vinyl plank floor
* New LED lighting and fully redecorated
* New white vertical blinds
On site car parking is immediately adjacent to the building.
Unique mixed use freehold opportunity in Newcastle city centre
• Located close to Newcastle Quayside
• Four commercial leases
• 1 bed room holiday cottage
• Currently producing £54,720 per annum plus holiday rental income
The subject property provides ground floor accommodation used as a shop. The property has the benefit of a sales area with WC, staff area and basement storage.
The property comprises a single storey end-terraced former bookmakers premises. Internally the property provides cleared ground, open plan, retail space. To the rear of the ground floor there is a disabled WC as well staff welfare and breakout facilities.
The property comprises a purpose built office building. The ground floor provides a combination of open plan and individual offices/meeting rooms which are partially air conditioned and built out. There is also a kitchen/staff area and the property provides 10 car parking spaces.
This property could be used as a multitude of different uses such as a gym, nursery and retail.
21A Jackson Street is well situated on the southern side of Jackson Street close to occupiers such as Salvation Army, St Oswalds Hospice Shop, CGX Gateshead, Pure Gym, Savers, Halifax and Modern Man Barbers Shop.
The subject property occupies a prominent position on Jackson Street, providing the ground floor as retail and the first floor as stor-age space. The property is of traditional brick construction with a traditional glazed shop front. Internally, the accommodation pro-vides a front retail section with storage and WC to the rear. The property could be suitable for a variety of different uses, subject to the necessary permissions.
The property comprises a ground floor single storey mid-terraced retail unit. The unit benefits from a glazed frontage and wooden shop front with security roller shutter.
The property provides a terraced, industrial property of steel portal frame construction with block-work and cladding infill walls. The roof has the benefit of translucent roof light panels and extends to a minimum eaves height of 4.5m. The unit has separated pedestrian and vehicular access through a roller shutter. The unit also has their own dedicated parking and loading.
The property provides ground floor commercial space that could be suitable for a variety of uses. Access is provided via a manual roller shutter door or separate pedestrian entrance. The property benefits from a concrete floor, LED strip lighting, 3 phase electricity and WC facilities.
The property compromises a unique detached, stone built three storey office building under a pitched tiled roof. Internally the property provides a variety of different office suites as well as a managers office, meeting rooms, boardroom. There is also a staff breakout area/kitchen, reception/waiting area along with male, female and disabled W/C facilities.
The property benefits from 8 allocated car parking spaces as well as additional visitor spaces on the estate.
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.
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.
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 is in great condition with accessibility to the first floor available via stairlift.
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 property comprises first floor office suite with shared ground floor access in a prominent building. The suite has the benefit of carpeted floors and strip florescent lighting.
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.
The property comprises ground floor retail with mezzanine storage area.
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 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 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.
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.
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 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 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 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 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 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 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 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 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 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 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.
Ground floor modular self-contained office accommodation. Suspended ceiling and recessed lighting.
Ground floor modular self-contained office accommodation. Suspended ceiling and recessed lighting.
Ground floor modular self-contained office accommodation. Suspended ceiling and recessed lighting.
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.
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.
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 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 £18,000 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%