Summary - 3 CHERWELL SQUARE NEWCASTLE UPON TYNE NE12 7PR
1 bed 1 bath Commercial Property
Income-producing bakery with upper flat — high yield, tenancy details to verify.
Rental income £14,400 pa; uplift to £15,600 pa stated from 2029
Quoted yield c.12.52% on the asking price of £115,000
Ground-floor bakery tenant in place; active commercial lease reported
Upper self-contained accommodation adds rental flexibility
99-year lease from 1 Sept 1950 noted (title/term requires verification)
Conflicting lease expiry information (2029 vs 2034) — verify tenancy details
EPC rating C; fast broadband and steady local footfall
Modest servicing and street parking; limited building size (1,472 sq ft)
A compact two-storey mixed commercial/residential unit on Cherwell Square, currently producing rental income and positioned for an investor seeking immediate yield. The ground floor operates as a bakery/cafe with an active lease; the self-contained upper accommodation adds flexibility and tenant resilience in a residential neighbourhood with steady local footfall.
The property is offered with a reported annual rent of £14,400 (with a stated uplift to £15,600 from 2029) and a quoted gross yield around 12.5% on the asking price. EPC rating C and fast local broadband support continued trading, while the shop’s prominent pavement frontage helps visibility for passing customers.
Important tenancy and title points are noted: the listing references a long lease from 1 September 1950 (99 years) and gives mixed information on lease expiries (a lease noted until 2029 in one place and a 15-year bakery lease stated to run until 2034 elsewhere). Prospective buyers should confirm the precise lease lengths, rent review arrangements and the current tenancy contracts before offering.
The building is traditional mid-20th-century brick with modest servicing and street parking. It suits investors wanting an income-producing neighbourhood retail asset with simple upper accommodation; some owners may later refurbish or relet to increase income once tenancy terms allow.
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