Commercial Properties For Sale by Delta Capital Property Investment, Newcastle Upon Tyne, including sold STC
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Highly prominent mixed use investment in a sought after suburb of Newcastle upon Tyne. A corner block in a densely populated area and on the main thoroughfare through Heaton. Anchored by a very busy Sainsbury convenience store.The Sainsbury's rent to be increased by reference to RPI.Freehold.
Rare opportunity to acquire a freehold development opportunity in Newcastle city centre. Available with full vacant possession providing an immediate opportunity for adding value. Close to universities, station and prime city centre shops and amenities. Freehold property.
Prime Harrogate Town Centre Retail Parade Investment 30, 32, 34 & 34a Oxford Street & 8 Union Street, Harrogate, HG1 1PP Summary Prime retail parade in the heart of Harrogate town centre, comprising four ground and first floor retail/leisure units fronting Oxford Street together with an additional unit on Union Street Let to a strong mix of national and independent retailers and restaurateurs including Geek Retreat, Ryman, Otto Café and Essenza Combined total floor area of approximately 7,295 sq ft Total rent of £105,500 per annum, comprising a current passing rent of £93,000 per annum together with the agreed terms on 8 Union Street at £12,500 per annum Available to purchase as a whole, with consideration also given to splitting and selling as two separate lots Freehold £1,175,000 (One Million One Hundred and Seventy Five Thousand Pounds) reflecting a net initial yield of 8.48%
Opportunity to acquire an exceptionally rare, character retail parade in the Victorian seaside resort of Saltburn-by-the-Sea. Constructed in 1862, the property comprises ten retail units within the Grade II Listed former station buildings, totalling approximately 6,239 sq ft. Comprehensively refurbished by the vendor within the last 18 months, including a new roof covering and refurbished stone plinths. Fully let (100% occupancy) to ten tenants at a current passing rent of £102,791.50 per annum (following the imminent Whitby Yard rent uplift), reflecting an average of only £15.98 psf. WAULT of approximately 4.98 years to lease expiries. Estimated rental value of circa £117,092 per annum (£18.77 per sq ft). Long leasehold, held on a 125 year lease from 1983 (expiring 2108) at a ground rent of £8,250 per annum, subject to five yearly upward only reviews linked to the occupational rents received. We are instructed to seek offers in excess of £1,095,000, subject to contract, for the long leasehold interest.
INVESTMENT SUMMARY Entirely let to Peacocks Stores Limited and local Chinese restaurant Generating a total rent of £80,000 per annum, WAULT to break 4.63 years, lease end 6.03 years Located in Morpeth, an attractive and affluent market town in Northumberland Located on Market Place, which is considered the historic heart of Morpeth, immediately next to Tomahawk Steak House Total floor area of 682 sqm / 7,344 sq ft over ground, first and second floors The property has an EPC rating of C Freehold We are instructed to seek offers in excess of £945,000 (exclusive of VAT), reflecting a net initial yield of 8.00% assuming standard purchasers' costs of 5.69%. A sale at £945,000 reflects a low capital value of only £129 psf.
Newcastle upon Tyne is the commercial capital of the North East of England. Newcastle is home to two leading universities with over 50,000 students: Newcastle University and Northumbria University. Jesmond is a popular Newcastle suburb positioned less than a mile to the north of Newcastle city centre. Jesmond is particularly popular with students due to its close proximity to Newcastle University. Prominent position within a parade of established shops on the north side of Jesmond Road, directly accessible from A1058 (Coast Road). Jesmond Metro Station is just a short 0.6-mile walk away. Rental income of £38,580 per annum; £16,500 commercial income plus £22,080 residential income. Upwards only rent review in 2029 in ground floor commercial lease. Commercial lease includes personal guarantee and £4,125 rent deposit. Apartment let at a very low rent of only £106 pppw. The upper floors comprise a separately accessed, spacious, 4-bed apartment. Freehold. Offers sought in excess of £495,000 reflecting a net initial yield of 7.45% assuming purchasers costs of 4.68%
Freehold investment opportunity on Fore Street, Hexham’s pedestrianised prime retail pitch. Hexham is one of Northumberland’s most prosperous market towns, drawing both a loyal local catchment and a significant visitor economy. Majority let to Nero Holdings Limited (Caffè Nero).
INVESTMENT SUMMARY Located in the heart of Whitley Bay; a popular coastal town in the North East. Unrivalled position on Whitley Bay's prime pedestrianised pitch directly between Greggs and Dicksons. Immediately adjacent to Whitley Bay Shopping Centre. Mixed-use investment comprising ground floor retail, first and second floor office accommodation, and a rooftop telecoms mast let to O2 Cornerstone Total current income of £24,300 per annum, rising to approximately £36,300 per annum once the upper floors are re-let Freehold We are instructed to seek offers in excess of £320,000 (Three Hundred & Twenty Thousand Pounds) subject to contract, reflecting a net initial yield of approximately 7.59%, rising to approximately 11.34% once the first and second floors are let at £12,000 per annum.