Commercial property for sale
Callerton Rise, Stamfordham Road, Newcastle Upon Tyne, Tyne And Wear, NE5 1DH
£382.42 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
8,250 sq ft
766 sq m
- SECTOR
Commercial property for sale
Key features
- 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%.
Description
- 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
Brochures
Callerton Rise, Stamfordham Road, Newcastle Upon Tyne, Tyne And Wear, NE5 1DH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bank Foot Metro Station1.4 miles
- Callerton Parkway Metro Station1.5 miles
- Kingston Park Metro Station1.7 miles
Notes
Disclaimer - Property reference 1495FH. 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 HTA REAL ESTATE LIMITED, Newcastle. 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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