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222 Westgate Rd 661 SF Retail Building Newcastle Upon Tyne NE4 6AE $540,548 ($817.77/SF) 8.48% Cap Rate
INVESTMENT HIGHLIGHTS
- Adjacent to The Helix; a major city centre regeneration project
- Newcastle is a two University city with a student population in excess of 50,000
- Value-add opportunities through development
EXECUTIVE SUMMARY
Retail and residential investment opportunity located in Newcastle city centre
Offers in excess of £405,000 (exclusive of VAT) reflecting a net initial yield of 8.48% assuming standard purchasers’ costs.
Offers in excess of £405,000 (exclusive of VAT) reflecting a net initial yield of 8.48% assuming standard purchasers’ costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
661 SF
Building Class
B
Year Built
1955
Price
$540,548
Price Per SF
$817.77
Cap Rate
8.48%
NOI
$45,838
Tenancy
Single
Building Height
4 Stories
Building FAR
0.27
Lot Size
0.06 AC
Frontage
16’ on Westgate Road
AMENITIES
- Security System
- Automatic Blinds
- Storage Space
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NEARBY MAJOR RETAILERS
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222 Westgate Rd
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