Clayton Street, Newcastle upon Tyne, Tyne and Wear, NE1 5PZ
- SIZE
100 sq ft
9 sq m
Key features
- 3 x Self Contained 1-Bed Apartments
- Tenanted at £19,800 per annum
- City Centre Location
- Grade II Listed
- Leasehold 999 yrs
- 8.75% Return
Description
The three residential apartments are each let at a rent of £550 per calendar month which equates to £19,800 per annum. A sale at the purchase price would reflect a Net Initial Yield of 8.75%.
Location
The subject property is situated within Clayton Street, Newcastle upon Tyne, located within the main leisure district of the city centre. Clayton Street is an established retail street stretching from Greys Monument south to Westgate Road. Clayton Street is an established shopping location within the city centre with a number of household retailers encouraging high levels of footfall and passing trade.
Accommodation
FIRST FLOOR:
Lounge/kitchen
Bedroom
Bathroom
SECOND FLOOR:
Lounge/kitchen
Bedroom
Bathroom
THIRD FLOOR:
Lounge/kitchen
Bedroom
Bathroom
Lease Details
We have been advised the property is fully tenanted achieving an annual income of approximately £19,800 (£550 per calendar month) on tenancies ending on August/September 2023.
EPC
Available upon request (rating G).
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Clayton Street, Newcastle upon Tyne, Tyne and Wear, NE1 5PZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newcastle Central Station0.2 miles
- St James Station0.3 miles
- Manors Station0.6 miles
About the agent
Pattinsons, Pattinsons Commercial North East
Kingfisher Way Silverlink, Wallsend, NE28 9NY
Notes
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