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Each party is to be responsible for their own legal costs incurred in this transaction.
The property is situated adjacent to M&S and opposite Primark, both high footfall generating occupiers. The property is also situated within a short distance from Newcastle and Northumbria Universities and a number of office developments, including the Pilgrim’s Quarter, which is set to open in 2027.
The property benefits from a prominent glazed frontage, under canopy, fronting Northumberland Street and is arranged over basement, ground and three upper floors. The ground floor is utilised as sales space, with basement ancillary. The upper floors are unutilised albeit are included within the lease demise.
221844.55
A net initial yield of 6.5%.
Surveyor | Investment
Associate Partner | Investment
Partner | Investment
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abrdn
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La Salle Investment Management
The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.
M & G Real Estate
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DTZ Investors
With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.
Hammerson
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