UNDER OFFER
Prominent Mixed Use Investment Opportunity in affluent Gateshead village For Sale
Price:
£385,000 (9.48% NIY)
4,286 sq ft
Investment Summary
Rowlands Gill a village situated on the North Bank of the River Derwent in Gateshead, Tyne and Wear
Situated in a corner position in the commercial centre of Rowlands Gill directly opposite Tesco Local
Comprising a mixed-use investment with two ground floor restaurants and a first floor gym
VAT Free Investment fully occupied with total income of £38,000 per annum
Restaurants have expiries in 2031 providing approximately 7 years unbroken income
First floor gym lease has been extended by a further 7 years, expiring in 2031 (with break in 2029)
Total floor area of approximately 4,286 sq ft
Offers are sought in excess of £385,000 (Three Hundred and Eighty Five Thousand Pounds) subject to contact.
A purchase at this level reflects a net initial yield of 9.48% assuming standard purchasers’ costs of 4.07
Property Details
Location Details
Gateshead
Sector
Leisure, Retail
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An outstanding opportunity
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