Property photos
Just added
£1,500,000
Retail premises for sale
25-31 Clayton Street, Newcastle Upon Tyne NE1Local area information
Property location
Nearby amenities
- Newcastle 0.3 miles
- Manors 0.4 miles
- Our Lady and St Anne's RC Primary School 0.5 miles
- Christ Church CofE Primary School 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Sale&Leaseback Investment Opportunity
- Inital passing rent for pub at £65,000
- Annual rpi Reviews (2% -4%)
- Development of Residential apartments
- 18 bedrooms with potential of £108,000 per annum
Description
Key Investment Highlights:
Secure Anchor Tenant: Let to Stonegate Pub Company, the UK’s largest pub operator (4,000+ venues), on a 20-year leaseback, providing an initial income of £65,000 per annum. Attractive Indexed Rent Reviews (annual 2–4%).
Additional Income Potential: Four self-contained student flats across 18 bedrooms, with a conservative estimated rental value of £108,000 per annum when fully let.
Total potential income of £173,000 per annum.
Value-Add Opportunity: Significant potential to enhance returns through refurbishment of the upper floors.
Asking Price: Offers in excess of £1,500,000, reflecting a low capital value of £117.34 psf.
Key Investment Highlights:
Secure Anchor Tenant: Let to Stonegate Pub Company, the UK’s largest pub operator (4,000+ venues), on a 20-year leaseback, providing an initial income of £65,000 per annum. Attractive Indexed Rent Reviews (annual 2–4%).
Additional Income Potential: Four self-contained student flats across 18 bedrooms, with a conservative estimated rental value of £108,000 per annum when fully let.
Total potential income of £173,000 per annum.
Value-Add Opportunity: Significant potential to enhance returns through refurbishment of the upper floors.
Asking Price: Offers in excess of £1,500,000, reflecting a low capital value of £117.34 psf.
More information
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