436 Welbeck Road Walker Newcastle-upon-Tyne NE6 2NY

436 Welbeck Road
Walker
Newcastle-upon-Tyne
NE6 2NY

Freehold Pharmacy Investment

Let to Parkside Walker Limited (t/a Parkside Pharmacy)
Recently renewed 15-year lease from January 2024 (subject to option)
VAT-free investment
Approximately 2,124 sq ft
Nearby occupiers include Heron Foods, Costcutter, Premier Convenience Store, Greggs and Betfred

Lot
41
Auction
9th May 2024
Rent
£7,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

Important Update Interested?

Expand
Photos
Map

Freehold Pharmacy Investment

Let to Parkside Walker Limited (t/a Parkside Pharmacy)
Recently renewed 15-year lease from January 2024 (subject to option)
VAT-free investment
Approximately 2,124 sq ft
Nearby occupiers include Heron Foods, Costcutter, Premier Convenience Store, Greggs and Betfred

Lot 41
Auction 9th May 2024
Rent £7,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
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 Monkchester Road. Nearby occupiers include Heron Foods, Costcutter, Premier Convenience Store, Greggs and Betfred.

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 pharmacy arranged on the ground, basement and first floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a pharmacy arranged on the ground, basement and first floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

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 Reviews
Ground Basement First	Retail/Ancillary Ancillary Ancillary	103.43 46.00 48.00	(1,113) (495) (516)	PARKSIDE WALKER LIMITED (t/a Parkside Pharmacy)	15 years from 31/01/2024 (2) on a full repairing and insuring lease	£7,000	31/01/2028 and 31/01/2033
Total		197.43	(2,124)			£7,000

(1) Areas provided by VOA (www.tax.service.gov.uk/business-rates-find)
(2) The lease is subject to a tenant only option to determine on 30/01/2029.

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.