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Run of the Mill Spar Well Road 9,106 SF 100% Leased Retail Building Winlaton NE21 6RT $1,218,274 ($133.79/SF) 9.52% Cap Rate
Investment Highlights
- Fully let across all three units
- Convenient road links
- Passing rent of £88,000 per annum
Executive Summary
A detached freehold investment property comprising three units currently operating as restaurants, a cafe lounge, and a children's soft play centre. Situated in Winlaton Mill, fronting the A694. The property is fully let across three leases with a passing rent of £88,000 per annum, increasing to £90,500 pa from 2nd March 2027.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
9,106 SF
Building Class
C
Year Built
1975
Price
$1,218,274
Price Per SF
$133.79
Cap Rate
9.52%
NOI
$115,980
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.35
Lot Size
0.16 AC
1 1
Nearby Major Retailers
1 of 4
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Run of the Mill | Spar Well Road
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