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Dukes Walk, Newcastle Upon Tyne

Shop for sale

£1,695,000 9,892 sq ft

Bradley Hall Ltd
Highlights
  • Quorum Business Park is a large, popular and established office park in Longbenton
  • Benefits from a number of local and national office occupiers
  • Occupiers include Tesco Bank, Greggs Headquarters, Capita, Balfour Beatty, Home Group, Sitel, Engie TSG and the DVLA
  • Accessed via Benton Road which provides direct access to A189 to the north and A1058 (Coast Road) to the south
  • There are a number of local bus routes & three Metro Stations within 1.5 miles
  • Approximately 4 miles north east of Newcastle upon Tyne city centre, 3 miles north east of Gosforth and 3.6 miles from A1(M)
Property type

Shop for sale

Full address
Dukes Walk, Newcastle Upon Tyne NE12 8BW – Newcastle upon Tyne
Asking price
£1,695,000
Available space range
There is 1 space available. This measures 9,892 sq ft.
Features
Security system, Storage space
Brochure
Download the brochure

Sale details

Sale unit Available

9,892 sq ft, £171.35 per sq ft, available now

Unit Sale unit
Address Dukes Walk, Newcastle Upon Tyne, Tyne And Wear, NE12 8BW, GB
Size 9,892 sq ft
Price £1,695,000
Price per unit £171.35 per sq ft
  • Seeking a price of £1,695,000 equating to a net initial yield of 7.46% assuming purchasers costs at 6.18% & based on an ERV of £15.00 per sq.
  • ft.
  • this would reflect a reversionary yield of 8.24%.
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for Dukes Walk, Newcastle Upon Tyne

Quorum Retail Parade was constructed in 2011 and comprises five modern, single story retail and restaurant units. The units are of modern, steel frame construction with prominent retail frontages which face the entrance to the business park. The retail parade is set within a high-quality landscaped area and there is dedicated car parking for the retail parade. Each of the units benefit from an enclosed external area to the rear for refuse storage. Quorum Business Park itself comprises 16 modern office buildings which provide in excess of one million square foot of Grade A office accommodation to a number of local and national occupiers.

Building subtype
Storefront retail office
Number of storeys
1
Rentable building area
9,892 sq ft
Year built
2012
Parking
Surface, Covered

Attachments

PDF #1 Marketing brochure/flyer Download

Major tenants

Bento Box (NE) Ltd Lease ends Mar 2039 2,250 sq ft
Marabini-Ciro Ltd Lease ends Oct 2029 2,612 sq ft
[email protected] Lease ends Oct 2022 1,460 sq ft
Protomonitoria Quorum B.V. Lease ends Nov 2022 1,102 sq ft
Greggs PLC Lease ends Sep 2020 2,468 sq ft

This shop for sale is located in Newcastle upon Tyne.

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Meet the team

Bradley Hall Ltd

  • A profile photo of Nicholas Bramwell Nicholas Bramwell
  • Jamie Walse
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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.