Summary - Unit 3,Barracks Road,Newcastle Under Lyme,ST5 1AW ST5 1AW
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime retail location on Barracks Road, Newcastle Under Lyme
- Modern, purpose-built commercial property spanning 3,037 sq. ft.
- Long-term lease: 15 years with Smash on Trent (T/A Patty's) expiring 29/06/2037
- Current passing rent of £45,000, increasing to £55,000 by 2032
- High visibility and foot traffic due to proximity to the ring road and town center
- Potential for solid investment with a net initial yield of 7.80% and future revisionary yields of 9.53%
**Concerns:**
- Mortgage lenders might hesitate to finance due to remaining lease duration
- High local crime rate and area deprivation may require careful consideration for tenants
**Summary:**
Discover a lucrative investment opportunity in this modern, purpose-built retail space located on the bustling Barracks Road in Newcastle Under Lyme. With an impressive size of 3,037 sq. ft. and large glass windows, this property offers ample visibility, perfect for attracting customers. Currently leased to Smash on Trent, the establishment is set to increase its rental value, presenting an advantageous financial prospect with yields projected to grow significantly over the coming years.
While the property's location adjacent to vibrant urban amenities caters to a cosmopolitan demographic of students and professionals, prospective buyers should note the area's higher crime rates and potential financing challenges due to the lengthy lease structure. Overall, with its modern design and promising rental potential, this freehold commercial unit is ideal for savvy investors looking to capitalize on a thriving market. Don't miss your chance to secure this prime property!
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