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60-62 Northumberland St 23,775 SF 100% Leased Retail Building Newcastle Upon Tyne NE1 7DF $9,176,574 ($385.98/SF) 7% Cap Rate
EXECUTIVE SUMMARY
Offers in excess of £6,885,000 (subject to contract and exclusive of VAT). Attractive net initial yield: 7.00% (rising to a minimum running yield of 7.10% in 2029).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
23,775 SF
Building Class
B
Year Built
1980
Price
$9,176,574
Price Per SF
$385.98
Cap Rate
7%
NOI
$642,360
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Loading Docks
2 Exterior
Slab To Slab
10’
Building FAR
2.27
Lot Size
0.24 AC
Frontage
49’ on Northumberland St
AMENITIES
- Security System
- Signage
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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60-62 Northumberland St
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