452 Denton Road, Newcastle upon Tyne
Savills commercial

452 Denton Road, Newcastle upon Tyne, NE15 7HD

£295,000 Score 2.0/10

Description

A two storey freehold medical centre. Let on a 21 year lease expiring 20.11.2045. NHS backed income. Basement with storage space. Front and rear car park. Development potential (subject to necessary consents). NIA approx. 2, 240 sq ft (208.1 sq m). Investment let at £24, 475 p.a. (8.3% GIY on Guide Price)

Opportunities

  • Development potential

Risks

  • 114% above market avg

Lot details

  • A two storey freehold medical centre
  • Let on a 21 year lease expiring 20.11.2045
  • NHS backed income
  • Basement with storage space
  • Front and rear car park
  • Development potential (subject to necessary consents)
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Indicative analysis from auction-house listing data. Verify with the legal pack and your broker before bidding.