£3,155,000
(£382.42/sq. ft)
Property for saleCallerton Rise, Stamfordham Road, Newcastle Upon Tyne, Tyne And Wear NE5
8,250 sq. ft
About this property
Prime Roadside Retail Investment
Secure tenant line up with Co-operative Group Food, Greggs and Harrison Family Vets
Total income of £184,750 per annum
WAULT to expiry of 15.12 years & 13.84 years to break
Reversionary yield of 6.30% & 7.30% in March 2031 and 2036 respectively
Net initial yield of 5.50%, assuming standard purchaser's costs of 6.47%.
- Newly constructed with pc expected late March 2026
- Secure tenant line up with Co-op, Greggs, Harrison Vets
- High specification development extending to 8,250 ft
- WAULT to expiry of 15.15 years & 13.84 years to break
- Indexation across the Co-op & Greggs income
- Asking offers in excess of £3,155,000 reflecting a niy of 5.50%
- Reversionary yield profile of 6.30% & 7.30% in March 2031 and 2036 respectively
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