Offers over
£200,000
(£380.95/sq. ft)
Retail premises for saleJesmond Road, Newcastle Upon Tyne NE2
525 sq. ft
About this property
Newcastle upon Tyne is the commercial capital of the North East of England.
Newcastle is home to two leading universities with over 50,000 students
Jesmond is a popular Newcastle suburb of Newcstle
Jesmond Metro Station is just a short 0.6-mile walk away.
Rental income of £16,500 per annum.
Virtual freehold
Investment summary
• Newcastle upon Tyne is the commercial capital of the North East of England.
• Newcastle is home to two leading universities with over 50,000 students: Newcastle University and Northumbria University.
• Jesmond is a popular Newcastle suburb positioned less than a mile to the north of Newcastle city centre.
• Jesmond is particularly popular with students due to its close proximity to Newcastle University.
• Prominent position within a parade of established shops on the north side of Jesmond Road, directly accessible from A1058 (Coast Road).
• Jesmond Metro Station is just a short 0.6-mile walk away.
• Rental income of £16,500 per annum.
• Virtual freehold
Offers are sought in excess of £200,000 (Two Hundred Thousand Pounds) subject to contact and exclusive of VAT. A purchase at this level reflects a net initial yield of 8.06% assuming standard purchasers’ costs of 2.31%
• Newcastle upon Tyne is the commercial capital of the North East of England.
• Newcastle is home to two leading universities with over 50,000 students: Newcastle University and Northumbria University.
• Jesmond is a popular Newcastle suburb positioned less than a mile to the north of Newcastle city centre.
• Jesmond is particularly popular with students due to its close proximity to Newcastle University.
• Prominent position within a parade of established shops on the north side of Jesmond Road, directly accessible from A1058 (Coast Road).
• Jesmond Metro Station is just a short 0.6-mile walk away.
• Rental income of £16,500 per annum.
• Virtual freehold
Offers are sought in excess of £200,000 (Two Hundred Thousand Pounds) subject to contact and exclusive of VAT. A purchase at this level reflects a net initial yield of 8.06% assuming standard purchasers’ costs of 2.31%
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