Buccleuch Property are pleased to announce the recent sale of a property on Clayton Street, Newcastle to Hang Sing Hong Manchester Limited for the sum of £760,000.
This attractive retail property comprises 5,844 sq ft at ground floor and 6,011 sq ft on the first floor and is leased to Hang Won Hong, a renowned Chinese supermarket, under a lease that commenced in 2021. With a current rent of £60,000 per annum, the sale price reflects a yield of 7.5%.
Angus White of Naylors Gavin Black and Liz Evans of Womble Bond Dickinson acted for Buccleuch on the sale.
