Block of flats for sale

Clayton Street, Newcastle Upon Tyne NE1

Investment summary

• Newcastle city centre Freehold opportunity
• Located in the heart of Newcastle city centre
• Close to universities and prime city centre shops and amenities
• Comprising one ground floor retail unit and three 4-bed apartments
• Fully let with total passing rent of £76,490 per annum with pre-agreed increase to £81,572 pa next year
• Ground floor let to hot food takeaway restaurant t/a Dream Burger until 2048 (no breaks)
• Residential tenants are paying an average of only £86.53 pppw (25/26) and £94.67 pppw (26/27), providing excellent scope for future rental growth
We are instructed to seek offers in excess of £950,000 (Nine Hundred and Fifty Thousand Pounds) reflecting a net initial yield of 7.62% and a reversionary yield of 8.12% assuming standard purchasers costs of 5.69%
Location

As the commercial hub of North East England, Newcastle upon Tyne enjoys a highly strategic position, located approximately 260 miles north of London, 100 miles south of Edinburgh, and 100 miles north of Leeds.
The property is only a short walk from Newcastle Central Railway Station, a key junction on the East Coast Main Line that provides regular, direct services connecting Edinburgh and London.
Furthermore, Newcastle International Airport is conveniently situated just 7 miles northwest of the city centre, offering daily flights to a wide selection of major domestic and European destinations.
Newcastle boasts the Metro System, which is England’s only underground rail network outside of London. This comprehensive system features 60 stations across the North East, efficiently linking the city centre to areas like Sunderland, South Shields, and Newcastle Airport itself.
Academically, Newcastle is vibrant, supported by two major universities. Newcastle University, a prestigious Russell Group member, attracts
around 18,000 students from over 100 countries. Northumbria University, with its centrally located campus, welcomes approximately 33,000 students from more than 125 nations. Both institutions have recently invested in campus expansion, significantly enriching the city’s academic profile.
Situation

The property enjoys a highly central location on Clayton Street, sitting prominently at the junction with Fenkle Street. This position places it directly opposite the modern Hotel Indigo and immediately adjacent to the vibrant Chinatown district, ensuring exposure to a diverse mix of commercial, leisure, and professional foot traffic.
It sits a short distance from nx Newcastle (formerly the O2 Academy), a significant entertainment destination. Monument and St James Metro Stations are the nearest major rail links, providing efficient transport across the region, while swift pedestrian access is also available to Newcastle Central Station. The property is only a short walk from key shopping destinations, including the main entrances to Eldon Square and The Gate.
Richer Sounds and Ladbrokes are located on adjacent corners, alongside national institutions, popular eateries, and service providers. The location benefits from a strong daily volume of pedestrian traffic, making it a prime spot for retail and business activity. With music venues, bars and nearby restaurants, the location is also a popular amongst students.
Description

This Grade II Listed property comprises a prominent corner end terrace building arranged over basement, ground and three upper floors. The building dates from the Georgian period and is of brick construction behind an attractive stone façade.
The ground floor and basement space is arranged to provide a hot food takeaway restaurant trading as Dream Burger, whilst the upper floors are arranged to provide three 4-bedroom apartments.
Contact

For further information or to arrange a viewing please contact:
Daniel Capobasso
Tel. Email.