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COMMERCIAL

3/3a Cherwell Square, Forest Hall

£115,000
Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • Two storey commercial investment
  • Rental income £14400 per annum
  • Generating yield of 12.52% on asking price
  • Great investment opportunity
  • Lease in place until 2029
  • 99 year lease from 1st September 1950.

Description

Property for sale. Commercial investment. Rental income £14,400 per annum. Generating yield of 12.52% on asking price.
Tenanted two storey commercial property, with accommodation, in popular residential area. Cake/bakery business in place with a 15 year lease (until 2034). Rent increase to £15,600 per annum (2029). Floor area 136.8 sq.m. (1,472 sq.ft.). Great investment opportunity. 99 year lease from 1st September 1950.
EPC: C
Long leasehold:£115,000
Ref: I264

Brochures

Property BrochureFull Details

Energy Performance Certificates

Energy Performance Certificate

3/3a Cherwell Square, Forest Hall

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Benton Metro Station0.9 miles
  • Palmersville Tram Stop1.0 miles
  • Four Lane Ends Metro Station1.1 miles

About Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties

Newcastle House Albany Court, Newcastle Business Park, Newcastle Upon Tyne, NE4 7YB
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

Rook Matthews Sayer Business Sales and Rook Matthews Sayer Commercial are divisions of RMS which is widely recognised as one of the region's leading names in property services.

RMS employs around 120 people in the group's 16 offices with our dedicated business sales and commercial department based at our Head Office in Newcastle dealing with a wide range of businesses and property throughout the North East from North Yorkshire to the Scottish Borders.

We have over 40 years of experience in advising buyers and sellers of businesses and our market leading service is uniquely placed to maximise value

Notes

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Disclaimer - Property reference 12702631. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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