The available premises are situated on the first floor of this brick built 4 storey building. The floor is accessed from a ground floor staircase. The floor is currently laid out as a series of cellular offices however the space has planning use for any of A1, A3, B1 and D1 use classes.
The property comprises a mid-terraced four storey building with accommodation arranged as ground floor sales with ground floor offices, first, second and third floor storage. The ground floor benefits from a glazed prominent frontage with the benefit of electric security roller shutters.
Unit 1 comprising the ground ﬂoor of the original bank has planning permission for Class A3 (restaurant and café)/A5 (hot takeaway food) usage with ﬂoor area of approximately 132.76 sq m (1,429 sq ft).
Unit 2 comprises the new glass box extension overlooking the River Pont which also has Class A3 / A5
The first ﬂoor, with independent access from Darras Road, has planning permission for a spacious 3 bedroom apartment over two ﬂoors. The upper ﬂoors can also be retained as office accommodation if desired.
Alternatively, the whole building, including all three sections can be occupied by a single tenant.
Durham is one of the world’s leading Universities boasting a ranking of 78 in the QS World University Rankings 2020. In addition to a Top 100 World University status, Durham is also a major tourist attraction. The city accommodates several World Heritage Sites including Durham Cathedral and also benefits from its excellent leisure, retail and nightlife offer making it a prime student destination.
Comprising a site area of approximately 0.28 acres with planning permission for the construction of an apartment block including 27 one and two bedroom apartments totalling 43 bed spaces
The property is very centrally located on St James Street in the centre of Newcastle upon Tyne.
Comprising 28 bedrooms across 4 flats, which were developed and fully refurbished in 2017. The property is fully let producing a total combined gross rental income of £171,766 per annum
The rent for the academic year 2019/2020 was approximately 8.3% higher than achieved in 2018/2019 demonstrating the increasing demand for the building.
We are instructed to seek offers in excess of £2,300,000 (Two Million Three Hundred Thousand Pounds) for our client’s freehold interest. £2.30m represents a gross yield of 7.02% assuming purchasers costs of 6.34%. Alternatively, 9, 11 and 13 St James’ Street can be purchased individually.
Long Income Freehold Convenience Store Investment
The property is entirely let to Heron Foods Ltd from 11th November 2019 on an unbroken 10 year lease at £42,500 per annum
Heron Foods Limited last reported (2018) total turnover of £393,820,000 and pre-tax profits £8,780,000
Offers in excess of £650,000 (Six Hundred and Fifty Thousand Pounds) are invited for the freehold interest of the property.
A sale at this level reflects a net initial yield of 6.22% allowing for purchasers costs of 5.18%
Ground floor retail unit immediately next door to Saameer Indian Restaurant and to the rear of the Co-op Supermarket. The premises comprise fluorescent strip lighting and there is a three phase electricity supply. There is a wooden framed shop front with double glazed units. Externally there is parking for up to 15 cars shared with the neighbouring occupiers.
Long Income leisure investment opportunity let until May 2030 (without breaks) at the passing rent of £37,500 per annum.
The property comprises an end terrace building with brick elevations under a flat roof and has been trading as an Italian restaurant since 1961. The property currently trades as Rosa 12.
Internally the property comprises restaurant seating across basement, ground and first floors offering 150 covers, with kitchen and preparation areas over ground and basement. There is a private function suite at basement level with additional bar area.
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 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.
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%.
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 £63,710 per annum reflecting a low average rent of only £10.24 per sq ft. We believe there may be justification to increase the rent to around £74,460 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 9.61% and a low capital value of only £88.42 psf
**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.
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.
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 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.
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.
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.
** 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.
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.
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
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.
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
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.
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.
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).
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%.
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.
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.
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.
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.
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.
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%
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.
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.
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.
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.
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.
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
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.
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.
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/
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/
The property comprises a mid-terraced building of pre-war construction with external brick walls and a pitched slate roof which has been arranged to provide a restaurant on the ground floor
The property is entirely let to Talviender Singh Dundhal on a 15 year lease from 2 October 2013 therefore expiring on 1 October 2028. The rent is reviewed every 3 years and is linked to the Retail Price Index subject to a minimum uplift of 5%. The passing rent is £16,380 per annum and the minimum uplift in 2020 will be to £17,199 per annum, £18,059 per annum from 2023 and £18,961 per annum from 2026
The restaurant trades as Pedros Peri Grill
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
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
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
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
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.
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
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
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.
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.
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%
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%
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%.
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
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%
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%
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%