92 and 98/122 HIgh Street, Gosforth, Newcastle upon Tyne
Description
Rare opportunity to acquire a prime unbroken retail parade in the affluent suburb of Gosforth.
Freehold.
Let to an attractive mix of long-standing national and local occupiers including; Loungers, Johnsons Cleaners, Oxfam, Hays Travel and Thorpes of Gosforth.
60% of the income is secured to covenants rated by Creditsafe as ‘Very Low Risk’.
Loungers UK Ltd t/a Tremelo, have signed a new unbroken 15-year lease.
WAULT of 6.89 years to expiry and 6.24 years to break.
Asset management opportunities.
We are instructed to seek offers of £3,400,000 (Three Million Four Hundred Thousand Pounds) reflecting a NIY of 7.21% and purchaser’s costs of 6.49%.
Freehold.
Let to an attractive mix of long-standing national and local occupiers including; Loungers, Johnsons Cleaners, Oxfam, Hays Travel and Thorpes of Gosforth.
60% of the income is secured to covenants rated by Creditsafe as ‘Very Low Risk’.
Loungers UK Ltd t/a Tremelo, have signed a new unbroken 15-year lease.
WAULT of 6.89 years to expiry and 6.24 years to break.
Asset management opportunities.
We are instructed to seek offers of £3,400,000 (Three Million Four Hundred Thousand Pounds) reflecting a NIY of 7.21% and purchaser’s costs of 6.49%.
BUILDING HIGHLIGHTS
Prime unbroken retail parade
Freehold
Asset management opportunities
Let to an attractive mix of tenants
