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126-134 Heaton Rd 9,860 SF 100% Leased Retail Building Newcastle Upon Tyne NE6 5HN $3,353,454 ($340.11/SF) 6.46% Cap Rate
Investment Highlights
- Highly prominent mixed-use investment
- Total rental income of £171,720 pa
- Anchored by a very busy Sainsbury's
Executive Summary
SUMMARY
Offers are invited for the freehold interest of 126-134 Heaton Road, Newcastle upon Tyne.
This prominent, mixed-use corner block generates a total rental income of £171,720.36 per annum; incorporating 10 year unbroken income from Sainsbury's and consistent residential income.
INVESTMENT SUMMARY
Highly prominent mixed use investment in a sought after suburb of Newcastle upon Tyne
Corner block in a densely populated area
On the main thoroughfare through Heaton
Anchored by a very busy Sainsbury's store
On an unbroken 10 year lease, expiring in 2036
With index linked rent reviews
8 flats on the upper floors, comprising 4x 3-beds and 4x 2-beds, which have been fully occupied since their development in 2011
Total rental income of £171,720.36 per annum
Freehold
Offers are invited for the freehold interest of 126-134 Heaton Road, Newcastle upon Tyne.
This prominent, mixed-use corner block generates a total rental income of £171,720.36 per annum; incorporating 10 year unbroken income from Sainsbury's and consistent residential income.
INVESTMENT SUMMARY
Highly prominent mixed use investment in a sought after suburb of Newcastle upon Tyne
Corner block in a densely populated area
On the main thoroughfare through Heaton
Anchored by a very busy Sainsbury's store
On an unbroken 10 year lease, expiring in 2036
With index linked rent reviews
8 flats on the upper floors, comprising 4x 3-beds and 4x 2-beds, which have been fully occupied since their development in 2011
Total rental income of £171,720.36 per annum
Freehold
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
9,860 SF
Building Class
C
Year Built
1963
Price
$3,353,454
Price Per SF
$340.11
Cap Rate
6.46%
NOI
$216,633
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.66
Lot Size
0.09 AC
Frontage
Amenities
- Security System
- Automatic Blinds
- Storage Space
- Air Conditioning
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Nearby Major Retailers
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126-134 Heaton Rd
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