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162 Northumberland St 8,355 SF Retail Building Newcastle Upon Tyne NE1 7PR $5,204,980 CAD ($622.98 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Well configured retail unit with return frontage onto busy arterial throughfare
- The property is adjacent to Haymarket Metro station, providing access to surrounding Tyne & Wear area
- Extremely prominent position located on the corner of Northumberland Street and St Mary’s Place
Executive Summary
Prime Retail Investment Opportunity - Offers in excess of £2,825,000 (8.5% NIY).
Internally the accommodation is split over the basement, ground, first and second floors, with the building extending in total to 8,355 sq ft. The ground floor is split to provide
the main banking hall with ancillary counter and staff accommodation, with the basement currently used for ancillary and storage purposes, with the upper two floors
split into a number of offices for staff, training and ancillary accommodation.
Internally the accommodation is split over the basement, ground, first and second floors, with the building extending in total to 8,355 sq ft. The ground floor is split to provide
the main banking hall with ancillary counter and staff accommodation, with the basement currently used for ancillary and storage purposes, with the upper two floors
split into a number of offices for staff, training and ancillary accommodation.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Building Size
8,355 SF
Building Class
B
Year Built
1900
Price
$5,204,980 CAD
Price Per SF
$622.98 CAD
Cap Rate
8.50%
NOI
$442,423 CAD
Tenancy
Single
Building Height
4 Stories
Slab To Slab
10’
Frontage
Amenities
- Bus Line
- Security System
- Signage
- Storage Space
- Air Conditioning
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Nearby Major Retailers
1 of 4
Videos
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Photos
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Map
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162 Northumberland St
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