377-377a Stamfordham Road, Westerhope
Savills commercial

377-377a Stamfordham Road, Westerhope, Newcastle upon Tyne, NE5 2LH

£600,000 Score 2.0/10

Description

A two storey freehold medical centre. Let on a 21 year lease expiring 20.11.2045. NHS backed income. Development potential (subject to necessary consents). Benefitting from 6 space car park at the rear. NIA approx. 4, 213 sq ft (391.4 sq m). Investment let at £47, 478 p.a. (7.91% GIY on Guide Price)

Opportunities

  • Development potential

Risks

  • 15% above market avg

Lot details

  • A two storey freehold medical centre
  • Let on a 21 year lease expiring 20.11.2045
  • NHS backed income
  • Development potential (subject to necessary consents)
  • Benefitting from 6 space car park at the rear
  • NIA approx. 4, 213 sq ft (391.4 sq m)
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Indicative analysis from auction-house listing data. Verify with the legal pack and your broker before bidding.