444/446 Welbeck Road Walker Newcastle-upon-Tyne NE6 2NY

444/446 Welbeck Road
Walker
Newcastle-upon-Tyne
NE6 2NY

Freehold Supermarket Investment

Let to Heron Foods Limited on lease expiring July 2028 (No breaks)
July 2023 tenant break not exercised and July 2023 rent review outstanding
VAT-free investment
Approximately 6,193 sq ft
Nearby occupiers include Costcutter, Premier Convenience Store, Greggs and Betfred (adjacent)

Lot
31
Auction
27th March 2024
Rent
£19,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Supermarket Investment

Let to Heron Foods Limited on lease expiring July 2028 (No breaks)
July 2023 tenant break not exercised and July 2023 rent review outstanding
VAT-free investment
Approximately 6,193 sq ft
Nearby occupiers include Costcutter, Premier Convenience Store, Greggs and Betfred (adjacent)

Lot 31
Auction 27th March 2024
Rent £19,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Supermarket/Convenience
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2 miles east of Newcastle City Centre, 12 miles north-west of Sunderland
Roads: A186, A187, A193, A1058
Rail: Walkergate, Byker Underground Stations
Air: Newcastle International Airport

Situation

Walker is a popular residential suburb, 2 miles east of Newcastle City Centre. The property is situated on the south side of Welbeck Road, at its junction with Leicester Street. Nearby occupiers include Costcutter, Premier Convenience Store, Greggs and Betfred (adjacent).

Tenure

Freehold.

Location

Miles: 2 miles east of Newcastle City Centre, 12 miles north-west of Sunderland
Roads: A186, A187, A193, A1058
Rail: Walkergate, Byker Underground Stations
Air: Newcastle International Airport

Situation

Tenure

Freehold.

Description

The property comprises a supermarket arranged on the ground and first floors.

VAT

VAT is not applicable to this lot.

EPC

Band C

Description

The property comprises a supermarket arranged on the ground and first floors.

VAT

VAT is not applicable to this lot.

EPC

Band C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review
Ground First	Retail/Ancillary Ancillary	342.00 233.40	(3,681) (2,512)	HERON FOODS LIMITED (2)	10 years from 18/07/2018	£19,000	18/07/2023 (outstanding)
Total		575.40	(6,193)			£19,000

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) For the year ending 25/03/2023, Heron Foods Limited reported a turnover of £490,669,000, a pre-tax profit of £16,967,000 and a net worth of £86,559,000 (www.northrow.com).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.