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Roadside Retail Development Stamfordham Rd 8,260 SF 100% Leased Retail Building Newcastle Upon Tyne NE5 1DH $4,257,932 ($515.49/SF) 5.50% Cap Rate
Investment Highlights
- Close proximity to the A1
- Easy access to arterials into central Newcastle
Executive Summary
This is a fully let retail development currently under construction. The property is available for sale with a WAULT to expiry of 15.15 years & 13.84 years to break. The units are let to Co-op, Greggs, and Harrison Vets. Reversionary yield of 6.30% & 7.30% in March 2031 and 2036 respectively.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
8,260 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,257,932
Price Per SF
$515.49
Cap Rate
5.50%
NOI
$234,186
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
17.71 AC
Parking
23 Spaces (2.78 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Security System
- Kiosk/Cart Space
- Storage Space
1 1
Nearby Major Retailers
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Roadside Retail Development | Stamfordham Rd
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