Offers over
£405,000
(£270.00/sq. ft)
Retail premises for saleWestgate Road, Newcastle Upon Tyne NE4
1,500 sq. ft
About this property
Investment summary
Retail and residential investment opportunity located in Newcastle city centre
Adjacent to The Helix; a major city centre regeneration project
Newcastle is a two University city with a student population in excess of 50,000
Generating a total rental income of £35,800 per annum
Student rental income from 5 tenants at £110 pppw
Located in an area very popular with students • Freehold opportunity
Value-add opportunities through development
We are instructed to seek offers in excess of £405,000 (exclusive of VAT) reflecting a net initial yield of 8.48% assuming standard purchasers’ costs.
Retail and residential investment opportunity located in Newcastle city centre
Adjacent to The Helix; a major city centre regeneration project
Newcastle is a two University city with a student population in excess of 50,000
Generating a total rental income of £35,800 per annum
Student rental income from 5 tenants at £110 pppw
Located in an area very popular with students • Freehold opportunity
Value-add opportunities through development
We are instructed to seek offers in excess of £405,000 (exclusive of VAT) reflecting a net initial yield of 8.48% assuming standard purchasers’ costs.
Mortgage calculator
Monthly repayment
£2,026 per month
Whole of market comparison
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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