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201-205 High St E 845 SF 100% Leased Retail Building Wallsend NE28 7RS $213,183 ($252.29/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominent corner position
- Excellent retail pitch
- EPC for all 3 units are available on request
EXECUTIVE SUMMARY
The property comprises 3 separate units. There are 2 ground floor retail units, and one first floor flat. 201 High Street East is currently let to a local occupier who uses the premises as a barber shop. 203 High Street East is a vacant retail unit adjacent to 201 High Street East and opposite The Town Hall. The first floor flat is located above the two retail units and is let to a single occupier.
The retail units have a very similar arrangement, both have a great frontage onto the High Street and benefit from a good sized retail zone with W/C facilities and a kitchen area to the rear. The residential above is a 2 bed flat with a modern kitchen area and bathroom, towards the rear is a small yard area.
The retail units have a very similar arrangement, both have a great frontage onto the High Street and benefit from a good sized retail zone with W/C facilities and a kitchen area to the rear. The residential above is a 2 bed flat with a modern kitchen area and bathroom, towards the rear is a small yard area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
845 SF
Building Class
B
Year Built
1910
Price
$213,183
Price Per SF
$252.29
Cap Rate
6.75%
NOI
$14,390
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Frontage
22’ on High Street East
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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MAP
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201-205 High St E
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