investment in NE1

42 Clayton Street, Newcastle upon Tyne, Tyne and Wear, NE1 5PF

Fixed Price + VAT
£255,000

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

  • Investment Opportunity
  • Current Rental Income £12,000 per annum
  • Potential Rental Income £18,500 per annum
  • Upper Floors Only
  • Long Leasehold 999 years remaining

investment in NE1

We are pleased to offer for sale the upper four floors which are situated within a five storey, mid terraced property, of traditional stone construction and is provided with a slate covered pitched main roof. The building is provided with a secure entrance.

The premises is on the first to fourth floors. The majority of the property is let to one tenant trading as a tattoo removal/aesthetics business however there is a small office which is currently vacant on the first floor. There are a number of on street, pay and display parking provisions and close by multi storey car parks that can be utilised by occupiers/tenants of the individual office premises. The subject property is provided with a reception/waiting area, kitchen, W.C. facilities and a number of individual treatment rooms.

Summary

  • Property Type: Investment
  • Tenure: Leasehold
  • Parking: None

Location

The subject Premises is situated within Clayton Street, Newcastle upon Tyne, located within the main leisure district of the city centre. Clayton Street is an established retail street stretching from Grey's Monument south to Westgate Road. Clayton Street is an established shopping location within the city centre with a number of household retailers encouraging high levels of footfall and passing trade.

Accommodation

GROUND FLOOR
Secure entrance
Communal stairs to first floor

FIRST FLOOR (office space)
Reception/kitchen: 12.1sqm (130.8sqft)
Stairs to second floor

SECOND FLOOR
Office one: 29.58sqm (314.7sqft)
Office two: 6.0sqm, (64.5sqft)
Stairs to third floor

THIRD FLOOR
Office three: 15.8sqm (163.4sqft)
Office four: 13.5sqm (145.6sqft)
Office five: 6.0m2, (64.5sqft)
Male/female W.C.
Hallway
Stairs to four floor

FOURTH FLOOR
Office six: 28.6sqm (307.8sqft)

NET INTERNAL AREA APROXIMATELY: 105.0sqm (1127.7sqft)

Rateable Value

The adopted rateable value is £5,000 as of 1st April 2017.
Sourced from VOA.

EPC

Energy Performance Certificate: D

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.