Retail Property (high street) for sale

1,3 Alexandra Street & 163,165, 167 High Street East, Wallsend, NE28

Offers in Region of 186 sq. m. | £299,950

Property Description

Commercial information

  • 2,002 sq ft (186 sq m)
  • Use class orders: A1 Shops

Key features

  • Substantial Mid Terrace and End Terrace
  • Double Retail Unit
  • Seperate Unit Let
  • First Floor Res Let
  • First Floor Office Let
  • High Street Position

Full description

The subject property is a substantial two storey mid and end of terrace premises. With a ground floor retail premises occupied by the seller, an additional unit to the side which is let, first floor flat and first floor offices also let.

165/167 High Street East is a ground floor retail unit with a Net Internal Area 225.5m2 occupied by the seller.

3 Alexandra Street is a ground floor retail unit let at 5,200 per annum on a 3 year term with approximately 2 years remaining. Tenants LMS Cakes.

163 High Street has been historically let as a three bedroom flat however has been sub-divided providing four letting rooms generating a gross rent of 10,000 Per Annum and occupied on Assured Shorthold Tenancy Terms.

1 Alexandra Street is a three room office with supporting facilities. One room is let at forty pounds per week and the other two are fifty pounds per week.

We stress that we have not been provided with any supporting documentation in relation to the leases, amount of rent paid and confirmation that the property is suitable or licensed for the way in which it is occupied and used. Interested parties should confirm these points before proceeding.

LOCATION:
The subject property is located within Wallsend High Street east. This location is a busy retail area, with good access links servicing a sizeable local population and surrounding communities. Located approximately 5 miles East of Newcastle city centre and 5 miles West of the Tynemouth coast.

ACCOMMODATION:
GROUND FLOOR

165/167 High Street East is a ground floor retail unit with a Net Internal Area 225.5m2 (Source VOA).


3 Alexandra Road Currently tenanted to ''LMS Cakes" at 5,200 per annum on 3 year lease terms wtih approximately 2 years left, the demise fronts onto Alexandra Street. NIA approximately: 53.75m2 (Source VOA).


FIRST FLOOR

1 Alexandra Road. 3 Offices: Office 1 Let at 50 per week,
Office 2 Let at 40 per week, Office 3: Let at 50 Per Week. Net Internal Area Approximately: 93.68m2.

163 High Street has been historically let as a three bedroom flat however has been sub-divided providing four letting rooms generating a gross rent of 10,000 Per Annum and occupied on Assured Short-hold Tenancy Terms.


We await copies of lease documentation.We stress that we have not been provided with any supporting documentation in relation to the leases, amount of rent paid and confirmation that the property is suitable or licensed for the way in which it is occupied and used. Interested parties should confirm these points before proceeding.

RATEABLE VALUE:
The adopted rateable value being 12,250 as of 01 APRIL 2010. Source: www.voa.co.uk.

TENURE:
The subject property described as 163, 165, 167 High Street East and 1, 3 Alexandra Street Wallsend Tyne & Wear NE28 7RN is being offered by way of private treaty sale for the freehold interest of the property.

Title Number: TY462910

EPC:
We await a copy of the Energy Performance Certificate.


More information from this agent

Nearest stations

  • Wallsend (0.2 mi)
  • Hadrian Road (0.7 mi)
  • Walkergate (1.3 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

  • Wallsend (0.2 mi)
  • Hadrian Road (0.7 mi)
  • Walkergate (1.3 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 186. 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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