41-51 Clayton Street & 40-42 Newgate Street, Newcastle

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45-51 Clayton Street & 40-42 Newgate Street, Newcastle upon Tyne – September 24Download
  • High Street investment let to strong covenant of Burger King until 2039.
  • Opposite Eldon Square and close to Tesco, Greggs & KFC, the New Maldron Hotel and The Gate.
  • Significant opportunity to convert 11,289sq ft of vacant upper floors to student or residential accommodation
  • We are instructed to seek offers in excess of £2,500,000 which reflects a net initial yield of 7.00% off the income and £43 per sq ft on the vacant space after deduction of purchaser’s costs of 6.38%. This is a low overall capital value of £153 per sq ft.