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126-134 Heaton Rd 9,860 SF 100% Leased Retail Building Newcastle Upon Tyne NE6 5HN $4,652,381 CAD ($471.84 CAD/SF) 6.46% Cap Rate
Investment Highlights
- Highly prominent mixed-use investment
- Total rental income of £171,720 pa
- Anchored by a very busy Sainsbury's
Executive Summary
Highly prominent mixed-use investment in a sought after suburb of Newcastle upon Tyne. Corner block in a densely populated area and on the main throughfare through Heaton, and anchored by a very busy Sainsbury's convenience store.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
9,860 SF
Building Class
C
Year Built
1963
Price
$4,652,381 CAD
Price Per SF
$471.84 CAD
Cap Rate
6.46%
NOI
$300,544 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.66
Lot Size
0.09 AC
Frontage
Amenities
- Security System
- Automatic Blinds
- Storage Space
- Air Conditioning
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Nearby Major Retailers
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Presented by
126-134 Heaton Rd
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