5-6 Diamond Ct - Office CONDO FOR SALE


Newcastle Upon Tyne, TWR NE3 2EN
$215,000 USD
191-211-1561
5-6 Diamond Ct, Newcastle Upon Tyne, TWR for Sale
$215,000 USD
Office CONDO - FOR SALE
1/2
null | 8.06% Cap Rate

5-6 Diamond Ct
Newcastle Upon Tyne, TWR NE3 2EN


HIGHLIGHTS

  • Excellent location just off A1 and walking distance of Tyne and Wear Metro
  • 8 dedicated parking spaces
  • Newcastle International Airport is just 3.5 miles to the north west of the property. Close by occupiers include M&S, TK Maxx, McDonalds

OVERVIEW

Offers sought in excess of £215,000, which equates to a net initial yield of 8.06%, after allowing for purchasers' costs. The property is held by way of a long term ground lease expiring on 27th September 2137 at a ground rent of £100per annum. In turn the property is let to Kintetsu World Express (UK) Limited (CRN 01888371) by way of a renewal lease for a term of 5 years from 23rd November 2023 and expiring 22nd November 2028.

FOR SALE DETAILS

PRICE

$215,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

8.06%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

4,916 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,291 SF

ZONING

-

APN/PARCEL ID

TY271479,TY275188,TY279783,TY317883,TY320013,TY504238

ASK ABOUT THIS PROPERTY

Fergus LairdNaylors Gavin BlackMore Info
191-211-1561

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Fergus LairdNaylors Gavin BlackMore Info
191-211-1561

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.