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241 Shields Rd 1,668 SF 100% Leased Retail Building Newcastle Upon Tyne NE6 1DQ $197,153 ($118.20/SF)
Investment Highlights
- Close proximity to Byker Metro station
- Quick links into central Newcastle
Executive Summary
This is an investment opportunity comprising a two storey mid terraced property and forming part of a busy mixed-use terrace within the Shields Road secondary shopping area.
241 Shields Road
Trading as Grazin’ Kitchen and operating as a modern cafe. There Is a 5 year lease in place which expires in March 2027
243 Shields Road
Occupied by a longstanding tenant at a rent of £475 per month.
241 Shields Road
Trading as Grazin’ Kitchen and operating as a modern cafe. There Is a 5 year lease in place which expires in March 2027
243 Shields Road
Occupied by a longstanding tenant at a rent of £475 per month.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,668 SF
Building Class
C
Year Built
1930
Price
$197,153
Price Per SF
$118.20
Percent Leased
100%
Building Height
2 Stories
Frontage
20’ on Shields Road
Amenities
- Bus Line
- Security System
- Signage
- Automatic Blinds
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Nearby Major Retailers
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241 Shields Rd
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