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6A Queen St 2,280 SF 100% Leased Office Building Newcastle Under Lyme ST5 1ED $650,969 CAD ($285.51 CAD/SF) 4.27% Cap Rate
INVESTMENT HIGHLIGHTS
- Two Grade II Listed Buildings close to the centre of Newcastle-under-Lyme
- Front building let to beautician
- Renovated by The Staffordshire Heritage Trust in 1986
EXECUTIVE SUMMARY
Available freehold, subject to contract and with the benefit of two License Agreements.
6a Queen Street is let to a private individual on an all-inclusive basis at £7,980pa on a Licence Agreement from December 2024 for 2 years. Copy of the lease available upon request. Suite 1, Old Stables Court, is let to a private individual on an allinclusive basis at £6,960pa on a Licence Agreement with a rolling one month notice.
Please note, 6a Queen Street can be bought independently if the former veterinary surgery is not required.
6a Queen Street is let to a private individual on an all-inclusive basis at £7,980pa on a Licence Agreement from December 2024 for 2 years. Copy of the lease available upon request. Suite 1, Old Stables Court, is let to a private individual on an allinclusive basis at £6,960pa on a Licence Agreement with a rolling one month notice.
Please note, 6a Queen Street can be bought independently if the former veterinary surgery is not required.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
2,280 SF
Building Class
B
Year Built
1920
Price
$650,969 CAD
Price Per SF
$285.51 CAD
Cap Rate
4.27%
NOI
$27,787 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,140 SF
Building FAR
0.80
Lot Size
0.07 AC
AMENITIES
- Courtyard
- Storage Space
1 of 19
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6A Queen St
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