£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 Convenience Anchored 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 April 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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