Investment.

Newcastle Upon Tyne.

55-57 Northumberland Street, NE1 7AF

Map View

Status.

Purchased on 01/12/2018

Price.

£4,885,000

Location.

The city of Newcastle is the regional capital and principal economic focus of the north east of England and is one of the most dynamic cities in the UK.

Description.

The subject property is an attractive and well configured retail premises based over basement, ground and two upper floors.The tenant is trading from the ground floor only. The property benefits from a sales staircase down to the basement, which the tenant has currently covered up.

Rent.

£275,000.00 per annum exclusive

Tenant(s).

Card Factory

Tenure.

Freehold

Yield.

5.25% NIY

Share.

All viewings are strictly by prior appointment.

Ed Smith.

Partner | Investment

What Our Clients Say.

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Aberdeen Standard

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team g&p is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for out clients.

M & G

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DTZ Investors

With g&p you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

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