Property
5/7 BELL VILLAS, PONTELAND, NEWCASTLE UPON TYNE, NE20 9BD
MUTLI-LET MIXED USE INVESTMENT
PRIME PONTELAND LOCATION
RARE FREEHOLD SALE
PASSING RENT: £47,299 PER ANNUM
ASKING RPICE: £490,000
NET INITIAL YIELD 9.22%
REVERSIONARY ASSET MANAGEMENT OPPORTUNITIES
LOCATION
Ponteland is a small affluent town located just 8 miles north west of Newcastle upon Tyne and 1.5 miles from Newcastle International Airport. The town is home to approximately 11,000 residents. Ponteland has excellent transport links with the A1 motorway 4 miles to the east via the Woolsington Bypass dual carriageway (A696) whilst there are also local bus services and a Metro station at the airport. Ponteland and neighbouring Darras Hall Estate together form one of the wealthiest commuter areas of Newcastle and benefit from a variety of shops, cafes, and restaurants, along with highly regarded schools.
SITUATION
The property occupies a prominent position on Bell Villas which forms part of the A696/ Main Street that runs through the centre of Ponteland. Main Street is home to a good range of local amenities including Waitrose and Sainsbury’s Supermarkets, as well as several bars, restaurants and other retail and leisure outlets.
DESCRIPTION
5 Bell Villas is a Grade II listed property also known as “The Smithy”. The property comprises a stone built building under a pitched, tiled roof with four pane sash windows. Internally, the ground floor has been sub-let to the adjoining New Rendevouz restaurant whilst to the first floor there are two bedrooms for the nearby hotel.
7 Bell Villas is an attractive double fronted, mixed use commercial premises with a pleasant lawned grass area to the front. The stone built premises provides two suites to the ground floor and two suites on the first floor. To the rear, there is approximately 5 car parking spaces whilst the common areas and external parts of the premises are maintained via way of service charge.
TENANCY SCHEDULE / ACCOMMODATION
| Address | Tenant | Lease Start | Lease Expiry | Term | Break/ Rent Review | Repair | Size (sq ft) | Rent (per annum) |
| 5 Bell Villas | Vaulkard Investment Properties Limited | Feb 1998 | Dec 2048 | 50 | RR 01/02/2025 | FRI | N/A | £15,999 |
| Part Ground Floor 7 Bell Villas (north) | AW Morgan & others t/a Nicholas & Morgan | Jan 2020 | Dec 2024 | 5 | – | EFRI | 662 | £14,000 |
| Part Ground Floor 7 Bell Villas (south) | Private individual t/a Ponteland Barbers | Jul 2021 | Jun 2027 | 6 | – | EFRI | 322 | £9,000 |
| Part 1st Floor Bell Villas (south) | E M Nicholson & others t/a Nicholson Morgan | Jul 2017 | Jun 2020 | 3 | – | EFRI | 322 | £3,000 |
| Part 1st Floor Bell Villas (north) | Profit Ability North East Limited t/a Russell & Co | Apr 2015 | Mar 2018 | 3 | – | EFRI | 613 | £6,000 |
| Total | £47,299 |
ASSET MANAGEMENT OPPORTUNITIES
The property provides a number of asset management opportunities including renewing the existing leases in no.7 Bell Villas as well as carrying out the RPI linked rent review at no.5 in February 2025.
PROPOSAL
Our client is seeking offers in the region of £490,000 (Four Hundred and Ninety Thousand Pounds) for their freehold interest in the subject properties. A sale at this level represents a net initial yield of 9.22% after allowing for purchasers costs of 4.66%. Our client may also consider selling No.5 and No.7 Bell Villas separately, further information is available on request.
