Investment Opportunity For Sale on Westgate Road, 233 Westgate Road & 37 Greenfield Place, Newcastle upon Tyne, NE4 6AD
- SIZE AVAILABLE
1,163 sq ft
108 sq m
- SECTOR
High street retail property for sale
Key features
- Situated on Westgate Road
- NIA: 1,163 sq ft (108.00 sq m)
- Offers in excess of £175,000
Description
The subject property is situated on Westgate Road on the west side of Newcastle City Centre. Newcastle Central Station is only a short walking distance to the south east which also has a Metro Station providing access to Newcastle International Airport, the Coast, Gateshead and Sunderland. Westgate Road has direct access to the A189 which in turn joins the A184 and A1(M), one of the main road networks north and south.
The surrounding area provides a mixture of uses including residential, office, retail and leisure accommodation. There have been a number of recent improvements and developments on the west side of the city including a duelling of St James’ Boulevard and a number of Grade A office development and mixed-use schemes which include the likes of The Lumin, The Helix and Strawberry Place to name a few. St James’ Park, Discovery Museum, Lane 7, Pure Gym and Newcastle University are all within close proximity to the subject property. The area will be further enhanced by the addition of the Stack development (Fan Zone) which is to be situated adjacent to St James’ Metro Station and the football stadium.
Offers in excess of £175,000 (One hundred and Seventy Five Thousand Pounds) are invited for the benefit of our clients freehold interest which represents a Net Initial Yield of 8.73% taking into account reasonable purchaser’s costs at 2.09%.
Brochures
Investment Opportunity For Sale on Westgate Road, 233 Westgate Road & 37 Greenfield Place, Newcastle upon Tyne, NE4 6AD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- St James Station0.3 miles
- Newcastle Central Station0.4 miles
- Manors Station0.8 miles
Notes
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