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3/3a Cherwell Square, Forest Hall
£115,000
3/3a Cherwell Square, Forest Hall
Cherwell Square 3/3a Newcastle Upon Tyne NE12 7PR UK
Features
- 99 year lease from 1st September 1950.
- Generating yield of 12.52% on asking price
- Great Investment Opportunity
- Lease in place until 2029
- Rental income £14400 per annum
- Two storey commercial investment
Description
Property for sale. Commercial investment. Rental income £14,400 per annum. Generating yield of 12.52% on asking price.
Tenanted two storey commercial property, with accommodation, in popular residential area. Cake/bakery business in place with a 15 year lease (until 2034). Rent increase to £15,600 per annum (2029). Floor area 136.8 sq.m. (1,472 sq.ft.). Great investment opportunity. 99 year lease from 1st September 1950.
EPC: C
Long leasehold:£115,000
Ref: I264
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Overview
- Commercial, Sale
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