Grey Street, Newcastle Upon Tyne, NE1

bedroom Commercial in Newcastle Upon Tyne

For Sale
Offers Over £9,990,000
Current Yield 5.3 %
Potential Yield 5.3 %
Property Reference: 209150888
  • Commercial

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • Large Primary Business Area
  • Parking Spaces Available
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

This is a commercial office units located in Newcastle Upon Tyne with a tenant situated that is currently generating a steady, rewarding rental income for the current landlord.

For investors looking for a rewarding investment, this is a brilliant opportunity!

The property features meeting rooms, storage space, bathrooms, pantry, diner and parking spaces available.

Investment details

It currently produces an annual gross income of £610,560 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Helpful Information

Property Reference: 209150888

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £50,880
  • Potential Rent pcm: £50,880
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: Moved in within the last 2 years
Property Reference: 209150888
Property Reference: 209150888

Property Location

Similar Properties

Request DetailsGrey Street, Newcastle Upon Tyne, NE1

Offers Over £9,990,000

Make an offer
Grey Street, Newcastle Upon Tyne, NE1

Listing Price

Offers Over £9,990,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.