329-331 Welbeck Rd
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329-331 Welbeck Rd
1,807 SF Retail Building Newcastle Upon Tyne NE6 2QX $172,535 ($95/SF) 10% Cap Rate
Investment Highlights
- Prominent main road position
- High level of traffic and footfall
- Situated on Welbeck Road
Executive Summary
A mid-detached three storey property of red brick construction with pitched slate roof. The property consists ground floor tenanted retail unit with large garage and two bedroom maisonette.
Investment opportunity with rental income £13620 per annum for 10% yield.
Offers over £135,000 Freehold
Investment opportunity with rental income £13620 per annum for 10% yield.
Offers over £135,000 Freehold
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,807 SF
Building Class
B
Year Built
1910
Price
$172,535
Price Per SF
$95
Cap Rate
10%
NOI
$17,253
Tenancy
Single
Building Height
2 Stories
Frontage
20 FT on Welbeck Road
Amenities
- Storage Space
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329-331 Welbeck Rd
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