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Retail Property (high street) for sale

2, 4, 4a, 6 and 6a Condercum Road, Benwell, Newcastle Upon Tyne, NE4

Offers in Excess of 33 sq. m. | £195,000

Property Description

Commercial information

  • 363 sq ft (33 sq m)

Full description

The subject property is a significant two storey corner and end-of-terrace building, of traditional construction with a slate covered pitch roof and brick main walls. The property is offered as an investment with three ground floor retail premises and two first floor flats. The combined gross rent in 2,000 per calendar month. Interested parties should ensure that they confirm this information prior to legal exchange.

LOCATION
The subject property is located in a prominent corner position on the junction of Adelaide Terrace and Condercum Road. The area is very well established with a wide variety of services, facilities, retail and leisure outlets. The area is densely populated, has established transport links and is around four miles west of Newcastle city centre.

ACCOMMODATION
2 Condercum Road: retail shop, hairdressers, 26.4m2.
4a Condercum Road: retail shop, general dealers, 38m2.
6a Condercum Road: retail shop, clothing distribution, 33.8m2.
4 Condercum Road: first floor flat, one bedroom.
6 Condercum Road: first floor flat, one bedroom maisonette.

INCOME
2 Condercum Road: 450 pounds PCM.
4a Condercum Road: 450 pounds PCM.
6a Condercum Road: 350 pounds PCM.
4 Condercum Road: 400 pounds PCM.
6 Condercum Road: 350 pounds PCM.

Total gross rental income: 2,000 PCM.

RATEABLE VALUE
The adopted rateable values being effective from 01 APRIL 2010:
2 Condercum Road: 1,900 pounds
4a Condercum Road: 2,900 pounds
6a Condercum Road: 2,350 pounds

Source: www.voa.co.uk.

EPC
We currently await copies of the EPCs.

VAT
Unless otherwise stated, all stated figures are expressed exclusive of VAT. We await confirmation that VAT is payable on this transaction.


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