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Talke Rd 6,813 SF 100% Leased Retail Building Newcastle ST5 7NL $2,138,489 ($313.88/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- An opportunity to acquire a well located car dealership in Newcastle-under-Lyme
- Let to Volkswagen Group United Kingdom Limited (£12.8 bn turnover in 2024) until 2058, with a TOB 2033, providing a term certain of circa 7.5 years
- Site area of approximately 1.066 acres (0.431 hectares).
EXECUTIVE SUMMARY
Vehicle showroom with a total floor area of approximately 9,705 sq ft (901.6 sq m). Strong alternative use options, subject to planning, located in a popular and established industrial location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Dealership
Building Size
6,813 SF
Building Class
C
Year Built
1950
Price
$2,138,489
Price Per SF
$313.88
Cap Rate
7%
NOI
$149,694
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
1.06 AC
Parking
107 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
91’ on Talke Road
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NEARBY MAJOR RETAILERS
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Talke Rd
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