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Mixed Use for sale

Crofton Mill House, Croft Road, Blyth, NE24

Fixed Price £800,000

Property Description

Key features

  • Fantastic Investment Opportunity
  • Thirteen Apartments
  • Beautifully Appointed
  • Must be Viewed

Full description

Tenure: Freehold

The property is large converted building (originally Blyth Co-op) comprising 13 flats over three floors with entry phone security system. The ground floor of the property was previously 4 retail units and have now been renovated into 4 flats.

The subject property is situated on Croft Road in Blyth a Town Centre in Northumberland. Blyth is a prominent coastal town in South East Northumberland historically known for its sea port and as a key employment area in the county. The town is provided access to a wide variety of services and facilities as well as access to other areas within Northumberland and North Tyneside.

No 1: 1 bedroom - 350 per calendar month
No 2: 2 bedroom - 375 per calendar month
No 3: 1 bedroom - 350 per calendar month
No 4: 1 bedroom - 370 per calendar month
No 5: 2 bedroom - 375 per calendar month
No 6: 2 bedroom - 400 per calendar month
No 7: 1 bedroom - 350 per calendar month
No 8: 2 bedroom - 375 per calendar month
No 9: 1 bedroom - 350 per calendar month
No 51 (New Ground Floor): 1 bedroom - 420 per calendar month
No 53 (New Ground Floor): 1 bedroom - 385 per calendar month
No 55 (New Ground Floor): 1 bedroom - 385 per calendar month
No 57 (New Ground Floor): 1 bedroom - 400 per calendar month

Total Rents Per Calendar Month: 4,885
Total Rents Per Annum: 58,620
(Fully occupied)

Total NIA Approx: 620.692m2 (Source Promap)

The subject property is offered by way of Freehold title.

New ground floor donates, new development of 4 ex shops into flats on ground floor hence difference in rents for No 51,53,55 and 57 one beds.

Building Control Cert. Building Control (Application Ref 12/01562/FP) Northumberland County Council dated 23/12/2013 completion certificate.

Flat No 1,2,3,4,5,6,7,8 and 9.
Certificates from 08/07/2008 to 07/08/2018.

Flat No 55 and 57
Certificates from 23/05/2013 to 22/05/2023.

Flat No 51 and 53
Certificates from 04/12/2013 to 03/12/2023.

We currently have EPC's for No 3,6,9,51,53,55,57. Available on request.

We await EPC for the rest of the building.

Map & Street View

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