Summary - Corporation Street (adjacent to Tyne Brewery) NE4 6AE
1 bed 1 bath Retail Property (high street)
Immediate income with development upside beside major regeneration.
- Freehold mixed-use building with retail and student accommodation
A freehold mixed-use building in Newcastle city centre offering immediate income and development upside. The ground floor trades as an international food store on a 10-year lease (passing rent £7,200 pa) while the upper floors are occupied by five student tenants generating £28,600 pa, giving a total gross income of £35,800 per annum. The property sits adjacent to the Newcastle Helix regeneration area, close to two universities and a large student population, supporting lettings and rental stability.
The mid-terraced, four-storey brick building was substantially refurbished in 2014 and benefits from double glazing and gas central heating. There is a large rear yard with scope for additional commercial expansion or extra residential accommodation, subject to planning, presenting a clear value-add route for an investor prepared to develop or reconfigure the upper floors.
Buyers should note material considerations: the property lies in a deprived area with higher local crime rates and on-street parking only. Construction is traditional solid brick with assumed no cavity insulation, and the EPC rating is D. The retail lease includes tenant-only break options and three-yearly rent reviews, and student tenancies carry inherent turnover risk. These factors affect management requirements and potential refurbishment costs.
Overall this is a hands-on investment for purchasers targeting student-led rental income and redevelopment potential near a significant regeneration scheme. The freehold, central location and existing cashflow make it suitable for investors seeking immediate yield plus medium-term uplift from planning-led improvements.
2 bedroom flat for sale in Close, Newcastle Upon Tyne, NE1 — £175,000 • 2 bed • 2 bath • 603 ft²
4 bedroom terraced house for sale in Belsay Place, Newcastle upon Tyne, Tyne and Wear, NE4 5NX, NE4 — £200,000 • 4 bed • 2 bath • 1281 ft²
Commercial property for sale in 210 Westgate Road, Newcastle upon Tyne, NE4 — £240,000 • 1 bed • 1 bath • 2905 ft²
2 bedroom flat for sale in Close, Newcastle Upon Tyne, NE1 — £170,000 • 2 bed • 2 bath • 667 ft²
1 bedroom apartment for sale in Hadrian's Tower City Centre, Newcastle upon tyne, NE4 — £149,900 • 1 bed • 1 bath
2 bedroom apartment for sale in Pudding Chare, City Centre, Newcastle upon Tyne, Tyne and Wear, NE1 1UD, NE1 — £125,000 • 2 bed • 1 bath • 574 ft²
