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Iceland Chichester Rd 7,546 SF Retail Building South Shields NE33 4HE $1,735,810 ($230.03/SF) 11.27% Cap Rate
Investment Highlights
- The property comprises a modern purpose built retail unit
- The new Transport Interchange incorporating South Shields Metro \(Light Railway\) Station and Bus Station is close by
- Prominent road side site extending to some 0.25 hectares (0.62 acres)
Executive Summary
Lot 31 was available for sale at an Allsop online auction that was held on Wednesday 11th of February 2026.
The property comprises a long leasehold investment for sale.
The asking price is £1,300,000, representing a gross initial yield of 11.27%.
The property comprises a long leasehold investment for sale.
The asking price is £1,300,000, representing a gross initial yield of 11.27%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Supermarket
Building Size
7,546 SF
Building Class
B
Year Built
1989
Price
$1,735,810
Price Per SF
$230.03
Cap Rate
11.27%
NOI
$195,626
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.64 AC
Parking
5 Spaces (0.66 Spaces per 1,000 SF Leased)
Frontage
148’ on Chichester Rd
Amenities
- Security System
- Signage
- Automatic Blinds
- Storage Space
1 1
Nearby Major Retailers
Spar
1 of 3
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Iceland | Chichester Rd
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