Mixed Use for sale

Hexham Road, Throckley, Newcastle Upon Tyne, NE15

234 sq. m. | £250,000

Property Description

Commercial information

  • 2,518 sq ft (234 sq m)

Key features

  • Tenanted Investment
  • Dance School 13760pa
  • Opticians 7,020pa
  • Multiple Income
  • Hairdesser 6,000pa
  • TOTAL 26,780 Per Annum

Full description

The instruction is a tenanted investment with three units set in the ground floor of a two storey building. The total gross current rent being paid is 26,780 per annum. The overall building also contains additional elements that have been sold on as longleasehold interests however the freehold land will be sold with this instruction. The longleasehold interests are subject to a pepper corn rent only. The larger rear unit is occupied by a dance school within a collection of rooms including a reception, two dance studios, offices, stores, staff facilities and toilets. The current rent being paid is thirteen thousand seven hundred and sixty pounds per annum. There are a further two units facing the front of the building. These are the elements occupied by Fizz Hairdressers currently paying six thousand pounds per annum and Thompson Opticians paying seven thousand and twenty pounds per annum.We await a copy of the leases.

LOCATION:
The subject site is located within a mixed use area on Hexham Road at Throckley, Newcastle upon Tyne. Throckley is an established residential location with a variety of supporting businesses set around eight miles west of Newcastle city centre with access off the A69 and north of Newburn and the River Tyne.

ACCOMMODATION:
DANCE STUDIO
Communal Entrance Hall Main Entrance Reception 33.5m2 Dance Sudio One. 82m2 Office/Stores. 29m2 Storage Room. 35m2 Male WC Female WC Dance Studio. 54.5m2 NET INTERNAL AREA 234m2 (2518sqft).

FIZZ HAIRDRESSING AND THOMPSON OPTICIANS
Not inspected.

LEASE TERMS:
Milbourne Theatrical School is based on a lease for a term of seven years from 6 September 2004 at a current rent of thirteen thousand seven hundred and sixty pounds per annum.

Fizz Hairdressers is subject to a seven year lease from 1 October 2010 currently payaing six thousand pounds per annum.

Thompson Opticians have a fifteen year lease from 1 December 2007 at a current rent of seven thousand and twenty pounds per annum.

EPC:
We currently await a copy of the energy performance certificate.

More information from this agent

Nearest stations

  • Blaydon (2.6 mi)
  • Wylam (2.8 mi)
  • Callerton Parkway (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 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

  • Blaydon (2.6 mi)
  • Wylam (2.8 mi)
  • Callerton Parkway (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 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.

Disclaimer - Property reference 234. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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