
233 Westgate Rd
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233 Westgate Rd
1,163 SF Retail Building Newcastle Upon Tyne NE4 6AD $325,784 CAD ($280.12 CAD/SF) 8.73% Cap Rate



INVESTMENT HIGHLIGHTS
- Situated on Westgate Road
- Close to the metro station
- Short walking distance to the south east
EXECUTIVE SUMMARY
Offers in excess of £175,000 (One hundred and Seventy Five Thousand Pounds) are invited for the benefit of our clients freehold interest which represents a Net Initial Yield of 8.73% taking into account reasonable purchaser’s costs at 2.09%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,163 SF
Building Class
C
Year Built
1950
Price
$325,784 CAD
Price Per SF
$280.12 CAD
Cap Rate
8.73%
NOI
$28,441 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.89
Lot Size
0.01 AC
Frontage
22’ on Westgate Road
AMENITIES
- Corner Lot
1 of 1
NEARBY MAJOR RETAILERS










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233 Westgate Rd
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