Commercial Property for sale

246-248 High Street East & 4 Ash Grove, Wallsend

Guide Price £145,000

Property Description

Full description

Excellent investment opportunity in the centre of Wallsend. Generating 10.1% yield on asking price. Rental income £14,640 per annum.
Tenanted ground floor off-licence (£9,600 per annum), tenanted 3 bed flat (£5,040 per annum) and vacant 2 bed maisonette. Yield will increase when fully let. Roof recently replaced. Total floor area 270 sq.m. (2,907 sq.ft.).
Auction Guide Price £145,000+
Ref G340

For Sale by Auction. Terms and Conditions apply, see www.agentspropertyauction.com.
Auction Date Monday 30th October 2017. Auction Gosforth Marriott Hotel. Registration from 6.30pm
"Each auction property is offered at a guide price and is also subject to a reserve price. The reserve price is the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and reserve price can be subject to change up to and including the day of the auction.


More information from this agent

Nearest stations

  • Wallsend (0.4 mi)
  • Hadrian Road (0.5 mi)
  • Howdon (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties

Newcastle House Albany Court, Newcastle Business Park, Newcastle Upon Tyne, NE4 7YB

0191 687 0112 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Wallsend (0.4 mi)
  • Hadrian Road (0.5 mi)
  • Howdon (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties

Newcastle House Albany Court, Newcastle Business Park, Newcastle Upon Tyne, NE4 7YB

0191 687 0112 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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