High Street Retail Property for sale

Frazer Terrace, Pelaw, Gateshead NE10


£180,000
448 ft²

Features

  • 8,400 per annum
  • Corner position property
  • First floor accommodation
  • Freehold title
  • Ground floor retail
  • Shop tenanted

Description

Summary

The subject property is an end terrace two storey building, with a ground floor retail unit with a 3 bedroom flat to the rear and first floor. There flat has separate access from the side on York Street, and a yard to the rear. The shop is currently let and generating an income of 8,400 per annum.

It could also be possible to purchase the shop and flat separately.

Location

The property is located on Frazer Terrace, Gateshead. This location is an established area east of Gateshead centre provided a reasonable level of services and facilities.

Accommodation

Ground floor: Retail unit
nia 41.6sqm (447.8sqft)
Please note that this size is sourced from voa and we have not yet gained access to the ground floor.

First floor: Residential accommodation
Kitchen: 9.6sqm (103.3sqft)
Lounge: 20.6sqm (221.5sqft)
Bathroom: 6.8sqm (73.3sqft)
Bedroom one: 18.5sqm (198.7sqft)
Bedroom two: (11.2sqm (120.0sqft)
Bedroom three: (7.8sqm (84.6sqm)

Tenure

Freehold. Title would need to be split should retail be sold separately to residential element.

Lease Details

The ground floor retail is currently let to Meet & Greet, a cards/gifts business on a rolling basis at 8,400 per annum.

Rateable Value

The adopted rateable value is 2,950 as of 1st April 2017.
Sourced from voa.

EPC

Available upon request.

VAT

We are advised that VAT is not applicable on this transaction.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . 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.

Categories

High Street Retail Property
Call
Property reference
CP_2D853DFE5C_116