440-442 Welbeck Road, Newcastle Upon Tyne
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Let to Betfred
- Recently Renewed Lease
- Five Year Term Expiring 07/07/2029
- Producing £9,100 per annum
- Established and Popular Location
- Guide Price Reflects 12.1% Gross Yield
- VAT Free Investment
Description
Arranged across ground floor only and forming part of a popular local parade, the property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a new five year lease expiring 07/07/2029 and producing £9,100 per annum.
The tenant has been in occupation for over 15 years with the current lease agreed in July 2024 being a renewal of a previous existing lease, displaying confidence in the location.
The property forms part of a popular local parade providing local retail amenity, nearby occupiers include Heron Foods, Greggs and Costcutter.
440-442 Welbeck Road, Newcastle Upon Tyne
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Byker Metro Station0.6 miles
- Chillingham Road Metro Station0.8 miles
- Walkergate Metro Station0.8 miles
About Savills, Savills, Auctions
33 Margaret Street, London, W1G 0JD
Notes
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