Waitrose, Jesmond, Newcastle upon Tyne
We have been instructed to seek offers in excess of £5,060,000, reflecting a net initial yield of 5.50% after costs of 6.59% rising to 6.23% in 2031.
60-62 Highgate, Kendal
We are instructed to seek offers in excess of £300,000 which reflects a net initial yield of 7.42% after purchaser’s costs of 3.3%.
Crew Clothing, Northallerton
We are instructed to seek offers in excess of £365,000 which reflects a net initial yield of 7% after deduction of 3.92% purchaser costs.
214-218 Chillingham Road, Heaton
We are instructed to seek offers in excess of £925,000 which reflects a net initial yield of 7.06% after purchaser’s costs of 5.66% and a potential reversionary yield of 7.9%.
One Stop, Darlington
We are instructed to seek offers in excess of £675,000 which a net initial yield of 6.60% and a potential reversionary yield of 7.86% after purchaser’s costs of 5.24%.
Tyne View Retail Park, Prudhoe
We have been instructed to seek offers in excess of £11,000,000 reflecting a net initial yield of 6.55% after costs of 6.7% and a potential reversionary yield of 7.24%.
4 Sheep Street, Skipton
We are instructed to seek offers in excess of £900,000 which reflects a net initial yield of 6.57% after purchaser’s costs of 5.63%.
PHS – Unit 1, South West Ind Est, Peterlee
We are instructed to seek offers in excess of £825,000 (Eight Hundred and Twenty-Five Thousand Pounds), which reflects a net initial yield of 7.51% after purchaser’s costs at 5.53%. This will rise further once the May 2025 rent review is settled. See below.
Roadside Investment – Passfield Way, Peterlee
We have been instructed to seek £4.25m, which will show a net initial yield of 6.10% (2.3% costs) on the basis of an SPV sale or 5.86% after standard purchase costs of 6.54%.
Merchant House – 11-15 Piccadilly, York
We are instructed to seek offers in excess of £3,400,000 which reflects a net initial yield of 8.02% after purchaser’s costs of 6.49% and a low capital value of just £132 per sq ft overall and a potential reversionary yield of 9.2%.