Vine Provinicial House 148-152 Northumberland Street Newcastle Brochure

  • Prime High Street/Mixed Use investment opportunity on pedestrianised Northumberland Street.
  • WAULT of 16 years to expiry and 15.3 to breaks.
  • Strong Tenant line up with 44% of the income secured to Boots UK Ltd.
  • Close proximity to Primark, M&S, Starbucks and Metro & Bus Stations.
  • Numerous asset management opportunities.

We are instructed to seek offers in excess of £3,790,000 which reflects a net initial yield of 8.0% and a reversionary yield of 9.33% after deduction of purchaser’s costs of 6.52%.