Shields Road, Newcastle Upon Tyne, North East, NE6 2YN

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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

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%.