Commercial Development in NE28

High Street East, Wallsend, Tyne and Wear, NE28 7RH

Brochure

Tenure: Freehold

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Starting bid£150,000

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Key Information

Parking: On Street

Property features

Freehold title
Two Storey Retail Property

Commercial Development in NE28

To Be Sold Via Online Auction, Fees Apply.

RARE INVESTMENT OPPORTUNITY – TWO-STOREY RETAIL PREMISES WITH POTENTIAL RESIDENTIAL CONVERSION STPP

An excellent and rare opportunity to acquire a substantial two-storey retail property positioned prominently on Wallsend High Street, currently utilised as a well-established tool shop with extensive storage accommodation to the first floor.

Offering excellent versatility and significant potential, the property could continue to operate as a retail premises with storage above, or subject to the necessary planning consents, provide an exciting opportunity to create a retail unit to the ground floor with a self-contained three-bedroom residential flat above. This could offer an attractive investment with the potential to generate multiple income streams from both the commercial and residential elements.

The ground floor currently comprises a prominent shop front and retail area, office, storage room, kitchen and WC. The first floor provides five separate rooms, currently utilised for storage, with the existing layout offering potential for conversion into a well-proportioned three-bedroom upper flat, subject to the relevant permissions.

Ideally situated on Wallsend High Street, the property benefits from a wealth of nearby shops, amenities, services and excellent transport links, providing convenient access to surrounding areas including Newcastle and the wider North East.

This is a particularly rare opportunity for investors, owner-occupiers or developers seeking a versatile commercial property with residential potential in a well-established town centre location.

Location

Located along High Street East, this property is on a busy high street in Wallsend. The property is close to many local amenities and transport links including metro and bus services.

Accommodation

GROUND FLOOR: Shop Front - 4.824m x 6.027m Office - 6.073m x 4.477m Kitchen - 1.552m x 1.427m WC - 1.399m x 1.834m Back Room - 7.175m x 6.10m FIRST FLOOR: Hallway - 3.763m x 1.346m Room 1 - 7.098m x 6.157m Room 2 - 3.302m x 3.166m Room 3 - 4.353m x 3.66m Room 4 - 3.601m x 2.468m Room 5 - 3.269m x 2.307m Storage - 2.725m x 1.351m

Tenure

Freehold. Title number TY172435.

Rateable Value

Current rateable value £8,200 (April 2026 to present). Sourced from VOA.

EPC

We await a copy of the Energy Performance Certificate.

Additional Information

For further information please contact our office direct on 01917371184, or alternatively via e-mail on commercial@pattinson.co.uk or commercial.ne@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Open map Street view

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4000 which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information, call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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