Property Details
Pugh Auctions
Lot 105
Lot 105
Auction: February 2020 (L)

839 Welbeck Road, Newcastle Upon Tyne, Tyne And Wear, NE6 4JP

Property Details
Location

The property fronts directly onto Welbeck Road, close to its junction with Weardale Avenue within a predominantly and densely populated residential area, approximately 3 miles east of Newcastle Upon Tyne City Centre.

Description

A dental investment comprising a two storey property currently let producing an annual income of £9,500.

Accommodation

Pugh & Co have not inspected the property internally but believe the accommodation to consist of;

Ground Floor
Surgery practice extending to approximately 35.6 SQ M / 383 SQ FT
First Floor
Surgery practice extending to approximately 27.3 SQ M / 294 SQ FT

Tenancy

The property is let to Whitecross Dental Care Ltd for a period of 15 years from 1st October 2012 at an initial annual rent of £8,000. Following a rent review the rental income was increased to £9,500. The tenant has an option to determine the lease in 2022 when a further rent review is also due.

Addendum

The initial lease has been subject to a rent review and is producing £9,500 per annum.

Property Location Address:
839 Welbeck Road,
Newcastle Upon Tyne,
Tyne And Wear,
NE6 4JP
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Auction Details
Auction: February 2020 (L) Date: 27th February 2020 Lot Number: 105 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
Leeds United Football Club,
Elland Road,
Leeds,
LS11 0ES

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