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23, Station Road, Ashington, NE63 9UZ

£475,000

£413.76 per sq ft

Business rates & charges may apply

Naylors Gavin Black LLP, Newcastle Upon Tyne
SIZE AVAILABLE

1,148 sq ft

107 sq m

SECTOR

Land for sale

Key features

  • Ground floor retail unit with separate 2 no. two-bed and 2 no. one-bed self-contained flats
  • Ground floor let to Private Individual with personal guarantee
  • 7.5 years unexpired
  • Total rental income £45,000 per annum
  • 9.5% gross yield
  • VAT free
  • Close to newly opened railway station giving direct access to Newcastle

Description

Location

Ashington is a former mining town located towards the coast in the heart of Northumberland. It benefits from good access to the region via the A189 Spine Road. There is now a direct rail service to Newcastle which has been of significant benefit to the town.

The Art Deco property is located to the north side of Station Road, the main retail location serving the town with close by occupiers including Greggs, Boots, Hays Travel and a number of high street banks.

Description

Ground floor lock up shop currently divided to provide treatment area, rear private cubicles and storage with four fully furnished self-contained flats to the first and second floors.

Tenure Comments

The property is freehold, subject to the tenancies as below:

Retail - let by way of an effectively full repairing and insuring lease to a private individual (with personal guarantee) by way of a 10 year unbroken lease from 4 November 2022 without review (7.5 years unexpired), at an annual rental of £18,000 per annum. The lease is excluded from the security of tenure provisions of the Landlord and Tenant Act.

Total Income £45,000pa.

Brochures

23, Station Road, Ashington, NE63 9UZ

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Pegswood Station2.9 miles
  • Widdrington Station4.4 miles
  • Morpeth Station4.7 miles

About Naylors Gavin Black LLP, Newcastle Upon Tyne

One Strawberry Lane Newcastle Upon Tyne NE1 4BX

As commercial property specialists for the North East, Naylors have their head office in the heart of Newcastle. The firm was founded twenty years ago by Bill Naylor, managing director, and has retained its independence, growing to become one of the most respected practices in the area.

This is reflected in Naylors being invited to represent the North East through membership of PAI, a prestigious organisation of like-minded professionals covering most of the Uk.

Today, Naylors handle a wide range of commercial and industrial properties in an area that stretches from Yorkshire to Northumberland and beyond. Our client list includes every kind of organisation from public bodies and national chains to local SME companies.

It is the quality of our people that makes the difference. Fully qualified professionals with a commitment to their clients’ interest and the in-depth knowledge to provide a tailor-made service.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 3223FH. 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 Naylors Gavin Black LLP, Newcastle Upon Tyne. 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.

Map data ©OpenStreetMap contributors.

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