162 Northumberland Street, Newcastle upon Tyne

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162 Northumberland Street, Newcastle upon Tyne, NE1 7PR

Prime Freehold Bank Investment

• Prominent corner location on prime thoroughfare
• Approximately 9,000 sq ft arranged over ground, basement & upper levels
• Freehold
• Newly regeared rent of £305,000 per annum (£150 psf ZA)
• 4.5 years to break clause
• Undoubted banking covenant of Lloyds Bank plc
• Seeking offers in excess of £4,500,000 (Four Million Five Hundred Thousand Pounds)
• A net initial yield of 6.4% having allowed for purchasers costs at 5.8%