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90-92 High St

Shop for sale

£995,000 10,568 sq ft

Bradley Hall Ltd
Contact name

Richard Rafique - Bradley Hall Ltd

Full address
90-92 High St, Newcastle Upon Tyne NE3 1HB – Newcastle upon Tyne
Highlights
  • The subject property is located just behind High Street in Gosforth but is accessible directly from the High Street
  • High Street is the main road through Gosforth town centre and is a popular retail, business and leisure destination
  • Nearby occupiers include Adriano’s Deli, Newcastle Building Society, Flowercraft and Papa John’s
  • This area of Gosforth is also popular for residents with there being a number of local housing estates within close proximity
  • The property is less than 1 mile from South Gosforth Metro Station and 0.6 miles from South Gosforth Metro Station and there are local bus routes
Property owner
Atlas Properties Ltd
Property type

Shop for sale

Asking price
£995,000
Available space range
There is 1 space available. This measures 10,568 sq ft.
Features
Courtyard, Restaurant, Energy Performance Rating - D, Storage space
Brochure
Download the brochure

Sale details

Sale unit 4033449 Available

10,568 sq ft, £94.15 per sq ft

Unit Sale unit 4033449
Address 90-92 High St, Newcastle Upon Tyne, Tyne And Wear, NE3 1HB, GB
Size 10,568 sq ft
Price £995,000
Price per unit £94.15 per sq ft
Unit Sale unit 4033449
Address 90-92 High St, Newcastle Upon Tyne, Tyne And Wear, NE3 1HB, GB
Size 10,568 sq ft
Price £995,000
Price per unit £94.15 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 7.54%
Financial type Actual
Financial year 2018
Net operating income £75,000

Sale notes

  • The tenant is to be granted a new 10 year lease on fri (full repairing and insuring) lease at a rent of £75,000 (seventy five thousand pounds) per annum.
  • The property may also be available with vacant possession.
  • The freehold title does not include adrianos deli at 84 high street, gosforth.

Property description

The subject property comprises a brick built property which is arranged over ground, first and second floors. The property is accessed via an entrance on High Street and is well presented internally and externally. The property is currently occupied and fit out as a restaurant premises. The ground floor comprises restaurant space, kitchen facilities, public toilets and an external courtyard which is being utilised as an additional seating area. The first floor also comprises restaurant space with public toilets while the second floor comprises storage space and office facilities.

Building subtype
Storefront
Number of storeys
2
Rentable building area
10,568 sq ft
Year built
1880

Attachments

PDF #1 Marketing brochure/flyer Download

This shop for sale is located in Newcastle upon Tyne.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Bradley Hall Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bradley Hall Ltd for full details and further information.