Newcastle upon Tyne is the commercial capital of the North East of England.
Newcastle is home to two leading universities with over 50,000 students: Newcastle University and Northumbria University.
Jesmond is a popular Newcastle suburb positioned less than a mile to the north of Newcastle city centre.
Jesmond is particularly popular with students due to its close proximity to Newcastle University.
Prominent position within a parade of established shops on the north side of Jesmond Road, directly accessible from A1058 (Coast Road).
Jesmond Metro Station is just a short 0.6-mile walk away.
Rental income of £38,580 per annum; £16,500 commercial income plus £22,080 residential income.
Upwards only rent review in 2029 in ground floor commercial lease.
Commercial lease includes personal guarantee and £4,125 rent deposit.
Apartment let at a very low rent of only £106 pppw.
The upper floors comprise a separately accessed, spacious, 4-bed apartment.
Freehold.
Offers sought in excess of £495,000 reflecting a net initial yield of 7.45% assuming purchasers costs of 4.68%
