Log In/Sign Up
Your email has been sent.
Geoffrey Rhodes Centre 46-60 Algernon St 20,678 SF Office Building Newcastle Upon Tyne NE6 2UZ $2,031,506 CAD ($98.24 CAD/SF)
Investment Highlights
- A freehold investment opportunity.
- Let to NHS Trust on a new 5 year FRI lease expiring 31/03/2031.
- Established medical centre in strong location.
- Approx GIA - 20,676 sq ft (1,920 sq m).
- Investment let at £100,000 per annum (9.09% GIY on guide price).
- Used for an NHS Clinic and NHS stores for distribution.
- Long term development potential (subject to consents).
- Site area approximately 0.98 acres.
- No VAT payable on purchase price.
Executive Summary
Lot 103 is available by way of Savills Online Auction 20th May 2026
A freehold investment opportunity comprising buildings used for an NHS Clinic and stores for distribution. The property is fully let to Newcastle City Health NHS Trust on a FRI lease for a term of 5 years from 01/04/2026. Approx GIA - 20,676 sq ft (1,920 sq m). Investment let at £100,000 per annum (9.09% GIY on guide price).
A freehold investment opportunity comprising buildings used for an NHS Clinic and stores for distribution. The property is fully let to Newcastle City Health NHS Trust on a FRI lease for a term of 5 years from 01/04/2026. Approx GIA - 20,676 sq ft (1,920 sq m). Investment let at £100,000 per annum (9.09% GIY on guide price).
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Tenure
Freehold
Property Subtype
Medical
Building Size
20,678 SF
Building Class
B
Year Built
1970
Price
$2,031,506 CAD
Price Per SF
$98.24 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
20,676 SF
Building FAR
0.48
Lot Size
0.98 AC
Parking
22 Spaces (1.06 Spaces per 1,000 SF Leased)
1 1
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Geoffrey Rhodes Centre | 46-60 Algernon St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.