Run of the Mill Spar Well Road 9,106 SF 100% Leased Retail Building Blaydon On Tyne NE21 6RT $1,187,131 ($130.37/SF) 9.52% Cap Rate

INVESTMENT SUMMARY
• A detached freehold investment property comprising three units currently operating as restaurants, a café lounge, and a children's soft play centre.
• Situated in Winlaton Mill, fronting the A694, approximately 6 miles west of Newcastle city centre.
• Total Net Internal Area of 9,106.34 sq ft
(846 sq m).
• Fully let across three new leases.
• Passing rent of £88,000 per annum, increasing to £90,500 pa from 2nd March 2027 (topped up on completion).
• The property is not elected for tax, meaning no VAT is payable on the purchase price.
We are instructed to seek offers in excess of £900,000 reflecting a net initial yield of 9.52% based on purchaser's costs of 5.63%, reflecting a very low capital value of only £98.83 psf.