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

  • 436 Welbeck Road<br>Walker<br>Newcastle-upon-Tyne<br>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
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
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  • 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

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.

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    17.05.24
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Seller's Solicitors
Freeths LLP 10th Floor, Central Square 29 Wellington Street
Leeds
LS1 4DL
Ruth Bowden 0777 941 8033Ruth.Bowden@freeths.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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