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Roadside Retail Development Stamfordham Rd 8,260 SF 85% Leased Retail Building Newcastle Upon Tyne NE5 1DH $5,741,626 CAD ($695.11 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Close proximity to the A1
- Easy access to arterials into central Newcastle
Executive Summary
This is a fully let retail development currently under construction. The property is available for sale with a WAULT to expiry of 15.15 years & 13.84 years to break. The units are let to Co-op, Greggs, and Harrison Vets. Reversionary yield of 6.30% & 7.30% in March 2031 and 2036 respectively.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
8,260 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$5,741,626 CAD
Price Per SF
$695.11 CAD
Cap Rate
5.50%
NOI
$315,789 CAD
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
17.71 AC
Parking
23 Spaces (2.78 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Security System
- Kiosk/Cart Space
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1,250 SF arranged over ground floor with dedicated parking, rear loading and bin stores.
| Space | Size | Space Use | Position | Available |
| Unit 2 | 1,250 SF | Retail | In-Line | Now |
Unit 2
| Size |
| 1,250 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 2
| Size | 1,250 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1,250 SF arranged over ground floor with dedicated parking, rear loading and bin stores.
1 1
Nearby Major Retailers
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Roadside Retail Development | Stamfordham Rd
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