Property photos
£3,155,000
(£382.42/sq. ft)
Property for sale
Callerton Rise, Stamfordham Road, Newcastle Upon Tyne, Tyne And Wear NE58,250 sq. ft
Local area information
Property location
Nearby amenities
- Westerhope Primary School 0.6 miles
- Milecastle Primary School 0.7 miles
- Blaydon 2.8 miles
- MetroCentre 3.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Prime Roadside Retail Investment
- Secure tenant line up with Co-operative Group Food, Greggs and Harrison Family Vets
- Total income of £184,750 per annum
- WAULT to expiry of 15.12 years & 13.84 years to break
- Reversionary yield of 6.30% & 7.30% in March 2031 and 2036 respectively
- Net initial yield of 5.50%, assuming standard purchaser's costs of 6.47%.
- Prime roadside retail development centred around housing development of 3,600 homes
- Newly constructed with pc expected late March 2026
- Secure tenant line up with Co-op, Greggs, Harrison Vets
- High specification development extending to 8,250 ft
- WAULT to expiry of 15.15 years & 13.84 years to break
- Indexation across the Co-op & Greggs income
- Asking offers in excess of £3,155,000 reflecting a niy of 5.50%
- Reversionary yield profile of 6.30% & 7.30% in March 2031 and 2036 respectively
- Newly constructed with pc expected late March 2026
- Secure tenant line up with Co-op, Greggs, Harrison Vets
- High specification development extending to 8,250 ft
- WAULT to expiry of 15.15 years & 13.84 years to break
- Indexation across the Co-op & Greggs income
- Asking offers in excess of £3,155,000 reflecting a niy of 5.50%
- Reversionary yield profile of 6.30% & 7.30% in March 2031 and 2036 respectively
More information
Listed by
HTA Real Estate
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