Properties

Tenure

Location

Investment

3-5 FENKLE STREET, ALNWICK, NORTHUMBERLAND, NE66 1HE

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 8.72%

Investment

12 Market Place, Alnwick, Northumberland, NE66 1TL

  • Investment for Sale
  • Prominent market town location
  • Freehold available OIEO £210,000
  • Net Initial Yield of 8.14% after allowing for purchasers costs of 2.37%.
  • Rent £17,500 per annum
Under Offer
Development Investment Retail

17, 19-21 Main Street, Belford, Northumberland, NE70 7NG

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

Investment Offices

F17 Willow Court, Team Valley, Gateshead, NE11 0RU

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%.

Investment

NEW BUILD CO-OP INVESTMENT FOR SALE

Prominently situated in an affluent Northumberland town with a very strong resident and tourist trade

  • Relocation from existing Coop store which has been in operation 50+ years.
  • No other convenience store competition in Rothbury
  • Newly developed unit (estimated completion in May 2023 with store opening
    TBC by Coop) extending to 645 sq m (6,944 sq ft) incorporating The Post Office
  • Securely let entirely to a national covenant in The Co-operative Group Food
    Ltd
  • 5 yearly, RPI linked rent reviews (collar and cap of 1% & 3% respectively)
  • Term certain of 15 years
  • Initial rent of £126,324 per annum
  • Freehold
Sold
Investment

22-24 Station Road, Ashington, Northumberland, NE63 9UJ

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

Under Offer
Investment

MOOR COURT, GOSFORTH, NEWCASTLE UPON TYNE, NE3 4YD

55 apartments, garages, private on-site parking & separate annex block |

Affluent location overlooking the Town Moor

Under Offer
Investment

FOR SALE – FIT ACCREDITED RENEWABLE ENERGY INVESTMENT OPPORTUNITY

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.

Industrial Investment

INDUSTRIAL INVESTMENT – 1 Factory Road, Blaydon-on-Tyne, Newcastle, NE21 5SD

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.

Sold
Investment

American Golf Centre, Newcastle Road, Sunderland, SR5 1JT

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.

Sold
Investment

McColl’s Convenience Store, 166 Dean Road, Meldon Terrace, South Shields

The whole property is let to Martin McColl Limited for a term of 16.5 years from the 20th November 2019 on FRI terms and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £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%.

Sold
Investment Residential and Development

Albion House, St James Street, Newcastle upon Tyne, NE1 4NF

City Centre Student Residential Investment entirely let to Newcastle University until September 2019

Comprising 56 bedrooms, including 8 studio apartments

Located in the heart of Newcastle City Centre very close to both Newcastle and Northumbria Universities

Situated in a vibrant city centre location close to Eldon Square Shopping Centre, China Town and The Gate providing an  excellent mix of bars and restaurants

Rental income of £309,046.70 per annum with a projected income of £349,350 for academic year 2019/2020.

Freehold

Sold
Investment

Dental Practice Investment Portfolio – Entirely let to Whitecross Dental Care Limited

Four dental practices entirely let to Whitecross Dental Care Limited

Whitecross Dental Care Limited last reported £218,090,000 turnover and pre-tax profits of £1,400,000

Experian Credit Risk Score: “Very Low Risk”

Total combined rental income of £74,500 per annum

Seeking offers in excess of £975,000 reflecting a net initial yield of 7.24%

Sold
Investment

Iceland, 90/91 Bedford Street, North Shields, NE29 6QF

High Street Retail Investment For Sale

Situated between Costa Coffee and Co-op Supermarket, the property is ideally located in North Shields town centre in 100% prime pedestrianised section of Bedford Street, opposite the entrance to The Beacon Shopping Centre and 0.1 miles from North Shields Metro Station.

The property is entirely let to Iceland Foods Limited until 12th September 2022 at £66,500 per annum on full repairing and insuring terms. Iceland last reported a total turnover of £2,770,500,000 in March 2017.

Sold
Investment

27 Marine Avenue / 1 Park Road, Whitley Bay, NE26 1LX

Mixed Use Investment Opportunity For Sale

Situated in an attractive coastal location in Whitley Bay, close to the newly refurbished Spanish City

The ground floor is let to Boots and Relish Coffee Shop at a combined rent of £17,600 per annum

There is a very large newly refurbished 3 bedroom apartment on the upper floors generating a further £8,100 per annum

Total combined rent of £25,700 per annum

 

 

Sold
Investment

The Running Fox, Felton, Northumberland

Tenants include The Running Fox & The Foxes Den
Combined passing rent of £21,600 per annum.
We are seeking offers in excess of £325,000 reflecting a net initial yield of 6.42%.
Sold
Investment

Picton Manor, Ellison Place, Newcastle Upon Tyne, NE1 8XG

Unique Residential Investment on Northumbria University City Centre Campus.

Situated on the campus of Northumbria University, next to The Wynne Jones Building & The School of The Built Environment.

There are 11 flats comprising a total of 46 bedrooms, 15 shower rooms and 7 bathrooms.  The commercial units on the lower ground floor include letting agency, an office and a coffee shop. There are 9 car parking spaces, 6 of which are fully let on license agreements.

Seeking offers in excess of £5.3m

Sold
Industrial Investment

Industrial Investment – 8A & 8B Mickleton Road, Middlesbrough

Unit A let to Restore PLC at £40,000 pa until 2023

Restore PLC reported total turnover in excess of £176m

Total floor area of approximately 21,062 sq ft

Opportunity to add value by letting Unit B (ERV £32,000 pa)

Offers in excess of £730,000 reflecting a low capital value of
only £34.66 psf

 

Sold
Investment

Co-operative Group Food Limited, Beresford Road, Seaton Sluice, Northumberland, NE26 4DP

The property consists of a purpose built, modern, single storey convenience store with 12 shared car parking spaces to the front & side with side loading.

The store extends to 3,243 sq ft (301 sq metres) GIA and is laid out as a modern convenience store with storage to the rear.

The property is let to The Co-operative Group Food Limited for a term of 20 years from 17 April 2014 on full repairing and insuring terms, expiring 16 April 2034 at a rental of £45,500 per annum. The rent increase is based on RPI with a collar of 1% and a cap of 4%.

Offers in excess of £775,000 are invited for the freehold interest of the property. A sale at this level reflects a net initial yield of 6.27% allowing for purchasers costs of 5.40%

Sold
Investment Residential and Development

Residential Investment, 5-8 St James Street, Newcastle, NE1 4NF

The Property comprises four fully refurbished Grade II Listed Georgian terrace properties. The Property has been sensitively refurbished to comply with Listed Building Consent and provides twelve self-contained apartments with 43 bedrooms.

The property is located a short walk from the new Science Central development as well as Newcastle University’s state of the art Business School on Barrack Road. The property is also very close to the RVI Hospital, Eldon Square Shopping Centre, China Town and The Gate.

We are instructed to seek offers in excess of £4,000,000 for our client’s freehold interest, subject to contract and exclusive of VAT.

Sold
Investment

8 Woodhorn Road, Ashington, Northumberland, NE63 9UX

Entirely Let to Undoubted Covenant with £433m Turnover. The property comprises a two storey terraced building which is currently occupied as Specsavers and fit out an opticians

The entire property is let to Specsavers Optical Superstores Limited at £18,000 per annum on an unbroken 10 year lease on FRI terms with effect from 25th December 2012, therefore ending on 24th December 2022. The lease benefits from 5 yearly upwards only rent review pattern

We are instructed to seek offers in excess of £195,000 reflecting a net initial yield of approximately 9.02% assuming purchasers costs of 2.26%

Sold
Investment

Old Brewery Court, Sandyford, Newcastle upon Tyne, NE2 1XG

Multi let office investment occupied by four tenants

With significant potential for residential development with parking for 17 cars.

The total passing rent of £36,315 per annum which increases to £36,815 per annum in June 2017.

WAULT to lease end is 7.84 years (2.33 years to breaks).

Seeking offers in excess of £450,000 reflecting a capital value of £76 psf

Sold
Investment

Community Shopping Centre Investment, Widdrington Station, Northumberland, NE61 5BJ

Mixed use investment in an expanding Northumberland location

Comprising 10 retail units, a dance studio, 2 garages and 4 flats

Income of £62,610 per annum with 23% secured by The Co-operative Food Group

Seeking offers in excess of £500,000 reflecting a net initial yield of 11.96%

Sold
Investment

Endurance House, Team Valley Trading Estate, Gateshead, NE11 0EF

The property comprises a two-storey office building fully let to 3 tenants producing a total combined rent of £37,150 pa

Team Valley is recognised as one of Tyneside’s most strategic office locations on one of the country’s largest business parks and is home to over 700 businesses employing over 20,000 people

There may be add-value opportunities at lease renewal as well as an opportunity to create further office accommodation on the first floor, subject to planning. Scale drawn plans and 3D imagery of a proposed extension are available on request.

We are instructed to seek offers in excess of £500,000 for our client’s long-leasehold interest, subject to contract and exclusive of VAT.

Sold
Investment

The Swaddle Pharmacy Portfolio Investment

Family owned pharmacy portfolio comprising 8 properties for sale with opportunities to add value

54.06% of the total income secured to Lloyds Pharmacy Limited t/a Lloyds Pharmacy and National Co-operative Chemists Limited

Total combined passing rent of £125,010 per annum, with potential to increase to approx. £134,060 per annum once Eastbourne Gardens is fully let

Seeking offers in excess of £1,200,000 reflecting a net initial yield of approximately 9.83%

Sold
Investment

B&M Retail Warehouse Investment, Delves Lane, Consett, County Durham, DH8 7ES

Stand-alone retail warehouse and large car park with approx 190 spaces

FRI lease to B&M Retail Ltd at a rent of £288,000 pa (£7.09 per sq ft)

Unbroken 15 year lease with 5 yearly upwards only rent reviews linked to RPI, capped and collared between 4% and 1%

Seeking offers in excess of £4,000,000 reflecting a net initial yield of 6.76%

Sold
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