Waitrose, Jesmond, Newcastle upon Tyne

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Waitrose, 87-89 Osborne Road, Jesmond NE2 2AN – Investment BrochureDownload
  • Located in one of Newcastle upon Tyne’s most affluent suburbs
  • Highly coveted trading position with frontage onto the Osborne Road in the thriving heart of Jesmond.
  • Modern supermarket developed in 2011 and extending to 12,676 sq ft
  • Let to Waitrose Limited on a 25 year lease expiring 7th November 2036 providing 11 years term certain
  • Passing rent £296,902 per annum with 2.5% per annum compounded fixed 5 yearly uplifts
  • Freehold

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.