Fully let 34 double bedrooms producing £148,070 pa increasing to 38 bedrooms and £179,660 pa by September 2021, following completion of further 4x-1 bedroom garden flats.
Newcastle is home to two leading universities; the University of Newcastle & Northumbria University, both of which have city centre campuses.
Offers in excess of £2,400,000 are invited for the freehold interest of the property. A sale at this level reflects a yield of 7.04% assuming standard purchasers costs of 6.36% and only £63,158 per bed space.
The property has been under local family ownership for a number of years and is well maintained, having recently been refurbished including new windows and roof covering
The property is in a very prominent town centre location on the corner of Whitley Road & South Parade
The ground floor is entirely let to six tenants
There are six very spacious flats over the upper floors
Four of the flats have been newly refurbished
Nearby occupiers include Halifax, Subway, William Hill, Greggs, among other national and regional retailers
Seeking offers in the region of £1,100,000
This is a multi-purpose city centre space suitable for a variety of uses
With a floor area of approximately 16,275 sq ft split into a number of distinctive sections including two former church halls with ceiling heights in excess of 10m and a very large three bedroom flat
The property is located on the campus of Northumbria University sharing a green / courtyard with The Wynne Jones Building (lecture theatres), Picton Manor (student accommodation, restaurant & offices) and MEA House (office accommodation)
It is centrally located in Newcastle upon Tyne, just off the Central Motorway (A167) with a car park immediately to the rear on Ellison Place for 119 cars
Only a short walk from Northumberland Street, Newcastle’s prime retail pitch as well as Manors and Haymarket Metro stations
The property is Grade II Listed
Our client is seeking JV Partners or may consider an outright sale
Ripon is an attractive cathedral market town located approximately 31 miles north of Leeds, 12 miles north of Harrogate and 27 miles west of York. Athelstan Court is located on the College Business Park which lies approximately 0.6 miles north west of Ripon town centre.
The building has a total net internal floor area of approximately 11,890 sq ft. There are also 70 dedicated car parking spaces. Total site area 1.87 acres (0.76 ha). Floor plans are available on request.
Considerable exploration has been done by the current owner regarding the ground conditions in the undeveloped land and this can made available to those with a serious interest in the site. Subject to prior approval being sought, we understand that temporary permitted development rights currently apply in respect of the office building and change of use of premises from a B1(a) office use to C3 residential use currently applies. Interested parties are urged to make their own enquiries in this regard. We are also expecting planning permission to be granted on the land to the north of the building for 8 units
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
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.
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
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.
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.
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