Dual-Let Potential, Title-Split Option & Future Development Upside.
Open House Viewings (no need to book)
11am Wednesday 5th November
10am Monday 10th November
12 midday Friday 14th November
12 midday Monday 17th November
Description
A fantastic investment property, offering dual income generating potential, having a commercial unit with a rental potential of £5000 per year and a very large well appointed three bedroom home with a rental value of around £9000 per year, a total of £14,000.
There is also an option to title split to maximise the re sale potential making this a very interesting investment property, for those with big ambitions the commercial unit could be converted to become a residential property subject to obtaining any necessary consents.
Externally an enclosed courtyard offers parking and there is a storage unit with potential for letting or possible accommodation conversion ( As storage £1200 per year estimated) for even more income from this one combined purchase. Perfect for operating your own business whilst living on site , the possibilities are many and varied and buyers are urged to consider the phenomenal yield possible with the safety of multiple revenue streams and future proofed resale values, located just over 12km to Newcastle International Airport and 7km to the Metro Centre, train station , other High Street amenities including bus routes and road links to nearby Newcastle city centre.
SHOP PREMESIS
Shop Unit
4.67m x 3.91m
Rear Commercial Kitchen
4.4m x 3.67m
HOUSE -
Lounge
5.64m x 3.88m
Dining Room
4.85m x 3.9m
Kitchen
4.6m x 2.58m
Ground Floor Bathroom
Utility Room
3.5m x 1.68m
Store Room One
3.55m x 3.53m
Store Room Two
3.7m x 3.6m
First Floor Landing
Bedroom One
4.3m x 4.1m
Bedroom Two
3.5m x 2.7m
Bedroom Three
3.3m x 2.1m
Large Bathroom
••OUTBUILDING - Substantial two floor outbuilding to the rear with potential••
Tenure
Freehold
Tenure: Freehold
EPC Rating: D
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£2,400 inc vat payable upon the fall of the virtual gavel
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- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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