242 Shields Road, Byker, Newcastle Upon Tyne NE6 1DX
Size
1,250
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Rental Income: £11,928 p.a.
- Gross Initial Yield: 8.52%
- Comprises ground floor retail shop t/a Post Office and self-contained Tattoo Studio at first floor
- Each unit let until 2033/2034 with no breaks. Tattoo Studio tenant in occupation for 10+ years
Description
Gross Initial Yield: 8.52%
Rental Income: £11,928 p.a.
VAT is NOT applicable to this property
Each unit let until 2033/2034 with no breaks. Tattoo Studio tenant in occupation for 10+ years
Comprises ground floor retail shop t/a Post Office and self-contained Tattoo Studio at first floor
Situated on the South Side of Shield Road with occupiers nearby including Max Spielmann, Greggs, Iceland, Takeaway, Barber Shop, Public House, Bicycle Shop, Fitness and many more.
Property Description:
The property comprises ground floor retail shop t/a Post Office (fitting out) and self-contained Tattoo Studio at first floor, accessed from the rear, providing the following accommodation and dimensions:
Ground Floor Shop: 58 sq m (625 sq ft)
Open plan retail, storage, wc
First Floor Tattoo Studio: 58 sq m (625 sq ft)
Reception, treatment rooms, kitchen, wc
Total NIA: 116 sq m (1,250 sq ft)
Tenancy:
The ground floor shop is at present let to Interim Enterprises Management & Consultancy Services Ltd for a term of 8 Years from 1st August 2026 at a current rent of £7,500 p.a. and the lease contains full repairing and insuring covenants. Fixed rental increase to £8,000 p.a. on 01.08.30 until the remainder of the term. No breaks. Deposit held of £2,500.
The first floor studio is at present let to an Individual for a term of 9 Years from 1st July 2024 at a current rent of £4,428 p.a. and the lease contains full repairing and insuring covenants. Rent review every 3 years linked to RPI. No breaks. Lease renewal. Tenant in occupation for 10+ years.
Location:
Byker is a suburb of Newcastle upon Tyne and is located approximately 2 miles east of the city centre. Byker is situated on the north side of the Tyne on the A193, with direct access to the A167(M). The A167(M) links with the A184 which provides access to the A1 north and south. The property is situated on the South Side of Shield Road with occupiers nearby including Max Spielmann, Greggs, Iceland, Takeaway, Barber Shop and many more.
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- Use class
- E
- Listed building
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Brochure
242 Shields Road, Byker, Newcastle Upon Tyne NE6 1DX
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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Disclaimer - Property reference 242ShieldsRoad. 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 BLUE ALPINE PARTNERS LIMITED, London. 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.