Shields Road, Newcastle Upon Tyne, North East, NE6 2YN
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REF NUMBER: 114518
Shields Road, Newcastle Upon Tyne, North East, NE6 2YN
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Agent's Details
Jamie Sim
T: 07940 951 776
Simon Beanland
T: 07885 459270
59,030 SqFt
(5,484 SqM)
For Sale £800,000
MIXED-USE INVESTMENT WITH VALUE-ADD OPPORTUNITIES
Well located mixed-use asset providing; high bay industrial/workshop accommodation and separate office space.
Passing rent £133,259 per annum.
Offering excellent reversion, with ERV of £202,635 per annum.
50% of the income to Houghton International Ltd (Creditsafe - Very Low Risk), who have recently signed reversionary leases to 2030.
WAULT 5.19 years to expiry and 3.21 to break.
Numerous asset management strategies to enhance rental and capital value.
Offers in the region of £800,000 (Eight Hundred Thousand Pounds) exclusive of VAT, reflecting a Net Initial Yield of 13.54%, after purchaser's costs of 5.49%.
Shields Road, Newcastle Upon Tyne, North East, NE6 2YN
Share to Social
Agent's Details
Jamie Sim
T: 07940 951 776
Simon Beanland
T: 07885 459270
Location
Closest Airport
The nearest aiport is Grand Hotel Gosforth Park Newcastle. It is located 6.21 miles away and is approximately 20 minutes driving time.
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Closest Station
The nearest station is Manors. It is located 1.18 miles away and is approximately 27 minutes walking time.
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