Sainsbury Supermarkets Ltd, Heaton Road, Heaton, Newcastle Upon Tyne

LOCATION

Heaton is a highly regarded suburb of Newcastle upon Tyne, approximately 2 miles to the east of the city centre. The city of Newcastle upon Tyne is the regional and commercial capital of the North East of England. The population of the city is approximately 260,000, whilst the wider catchment area is 1.5 million. Newcastle is approximately 280 miles north of London, 100 miles north of Leeds and 109 miles south of Edinburgh.

Transport links are excellent, with the A1(M) and A19 providing the principle north/south road routes. The A69 extends west towards Hexham and Carlisle. As well as being the focal point of a network of local rail services, Newcastle Central Station is a major hub on the East Coast Main Line and Cross Country Network. The shortest journey time to London is 2 hours and 37 minutes and to Edinburgh 1 hour 30 minutes.

The city is served by Newcastle International Airport, providing daily flights to over 80 destinations worldwide.

SITUATION/DESCRIPTION

This imposing brick built corner building is located within an extremely busy shopping area serving the popular and thriving suburb of Heaton. There are a good mix of residents in the locality including students, young couples and families. Heaton Road is a busy main road through the suburb, with occupiers that include a wide range of both national and independent retailers. The area is densely populated.

On the ground floor is a Sainsbury’s convenience store. Next door is an independent operator, trading as Point Brickwork, who are commercial and domestic builders. The substantial upper floors house 8 flats, which consist of 4 x 3 bedroomed and 4 x 2 bedroomed accommodation. There is parking for at least 7 cars to the rear of the property.

COVENANT INFORMATION

Sainsbury’s Supermarkets Ltd (Co.No. 03261722) had a total turnover of £28,544,000,000 for the year ended 1st March 2025. For the same period they had a profit after tax of £215,000,000 and net assets of £4,319,000,000.

VAT

The property has been elected for VAT purposes and it is anticipated that the transaction will be treated as a Transfer of a Going Concern (TOGC).

EPC

Sainsbury’s is B rated and Point Brickwork is C rated.

TENURE

Freehold.