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19-31 High St E 7,254 SF 100% Leased Retail Building Wallsend NE28 8PA $1,101,116 ($151.79/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Parking and Loading at the rear
- Transport facilities
- Located within central Wallsend within the town centre
EXECUTIVE SUMMARY
The property consists of a block of mixed-use space containing of 4 commercial (retail) units as well as 4 self-contained 1 bed flats.
Offers over £825,000 reflecting a blended yield of 9.25% and assuming usual purchaser's costs of 5.53 %.
Offers over £825,000 reflecting a blended yield of 9.25% and assuming usual purchaser's costs of 5.53 %.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
7,254 SF
Building Class
B
Year Built
1903
Price
$1,101,116
Price Per SF
$151.79
Cap Rate
9%
NOI
$99,100
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.12
Lot Size
0.15 AC
Frontage
71’ on High Street East
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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19-31 High St E
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