retail in NE3

Great North Road, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 2DQ

£360,000

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Mixed-Use Retail/Residential Investment
  • Current Rental Income £17,160 per annum
  • Potential Income £20,280 per annum
  • Freehold Title
  • Ideal Gosforth Location

retail in NE3


We are pleased to offer to auction this two-storey property which is well situated along the busy Great North Road, a mixed-use commercial and residential street in Newcastle-upon-Tyne. This property is approximately 1.1 miles from central Gosforth and there is regular public transport along Great North Road from Newcastle upon Tyne and to the north.

The property is currently tenanted with income of £17,160 per annum. Once fully let, the property could produce a total rental income of £20,280 per annum.

Summary

  • Property Type: Retail
  • Tenure: Freehold
  • Parking: Off Street

Location

The subject property is well located along the busy Great North Road, Gosforth. This property is approximately 1.1 miles from Gosforth shopping centre, there is regular public transport through Great North Road.

Accommodation

Ground Floor
Retail - 69.6 sq. m. (749.19 sq. ft.)
Store - 9.52 sq. m. (102.48 sq. ft.)
Store - 27.2 sq. m. 292.79 sq. ft.)
Kitchen - 10.78 sq. m. (116.04 sq. ft.)
TOTAL - 117.1 sq. m. (1,260 sq. ft.)

First Floor
Bedroom 1 - 17.64 sq. m. (189.88 sq. ft.)
Bedroom 2 - 10.54 sq. m. (113.45 sq. ft.)
Lounge - 18 sq. m. (193.76 sq. ft.)
Bathroom - 7.95 sq. m. (85.58 sq. ft.)
Kitchen - 13.75 sq. m. (148.01 sq. ft.)

Second Floor
Bedroom 3 - 18.36 sq. m. (197.63 sq. ft.)
Bedroom 4 - 10.54 sq. m. (113.45 sq. ft.)
TOTAL - 96.78 sq. m. (1,042 sq. ft.)

Lease Terms

Ground Floor Retail - we are advised that the annual rent is £9,000 and tenant currently holding over.
First Floor - We currently await AST lease terms.

Tenure

Freehold. Title Number: TY148880.

Rateable Value

The adopted rateable value is £13,250 as of 1st April 2017. Sourced from VOA.

Energy Performance Certificate

We currently await a copy of the Energy Performance Certificate.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@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.