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222 Westgate Rd 661 SF Retail Building Newcastle Upon Tyne NE4 6AE $739,509 CAD ($1,118.77 CAD/SF) 8.79% Cap Rate
Investment Highlights
- Adjacent to The Helix; a major city centre regeneration project
- Newcastle is a two University city with a student population in excess of 50,000
- Located in an area very popular with students
- Value-add opportunities through development
- Generating a total rental income of £37,100 per annum
Executive Summary
Retail and residential investment opportunity located in Newcastle city centre
Offers in excess of £405,000 (exclusive of VAT) reflecting a net initial yield of 8.79% assuming standard purchasers’ costs.
Offers in excess of £405,000 (exclusive of VAT) reflecting a net initial yield of 8.79% assuming standard purchasers’ costs.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
661 SF
Building Class
B
Year Built
1955
Price
$739,509 CAD
Price Per SF
$1,118.77 CAD
Cap Rate
8.79%
NOI
$65,003 CAD
Tenancy
Single
Building Height
4 Stories
Building FAR
0.27
Lot Size
0.06 AC
Frontage
16’ on Westgate Road
Amenities
- Security System
- Automatic Blinds
- Storage Space
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Nearby Major Retailers
1 of 2
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Photos
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222 Westgate Rd
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