Property Information
Address:
Wallington House, Starbeck Avenue, Newcastle
, NE2 1RH
Price: Property no longer available.
Size: 9757 sq ft906 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH635406
Property Ref/Agent: 2529
*Please use the agent ref when calling the agent directly.
Property description
- Busy edge of town centre mixed commercial, leisure and residential location.
- Let to NSPCC.
- Self-contained modern office building over four floors, extending to a net internal area of 9,757 sq ft (907 sq mt).
- 15 on site car parking spaces.
- Independently accessed basement sold on 3,000 year lease.
- Passing rent equates to just £8 per sq ft. Potential for singificant rental growth.
- Offers in excess of £1,200,000 (One Million Two Hundred Thousand Pounds) reflecting a net initial yield of 7.2% after allowing for purchaser's costs and a low capital value of just £123 per sq ft.
- Based on an estimated rental value of the property of £130,500 pa, the reversionary yield equates to 10.3%.
;