38 Queen Street, Amble, Northumberland

Commercial investment. Attractive two storey mid-terrace sandstone building. Freehold investment producing 7.2% yield. Rental Income £7,200 per annum. Total area 75.55 m² (813.22 ft²). Fully let to Amble Insurance Services. Tenants lease expires February 2026. Prime position on main trading thoroughfare. On Street Parking.

Price £100,000 Freehold
Ref I288
Location
Amble known as 'The Friendliest Port' is a popular North East waterfront town which hugs the River Coquet Estuary at the southern gateway to the Northumberland Coast Area of Outstanding natural beauty. With a sizeable local community enjoying all year round tourism. Queen Street is a main thoroughfare and the main trading location in the town.

Description
We are pleased to present to the market this well-positioned, mid-terrace, two-storey sandstone property, complete with a pitched slate roof.
The ground floor comprises a versatile office/retail area along with W.C. facilities, while the first floor offers additional office accommodation, a kitchen, and further W.C. facilities. The property is currently occupied by Amble Insurance Services.

Floor Area 
Area                    sq. m.    sq. ft.
Ground Floor
Office/retail         23.02      247.75
W.C                      1.42       15.28
First Floor
Office                   12.23     131.64
Office                   25.72      276.86
Store                    1.76        18.94
Kitchen                 8.90        95.84
W.C                       2.50        26.91
Total                     75.55     813.22

Price
£100,000
Yield
7.2 % Based on the asking price of £100,000

Rental Income
£7,200 per annum

Tenancy Agreement
The unit is let to Amble Insurance Services their current lease come to an end in February 2026.

Tenure
Freehold – The ground floor unit next door has been sold on a 999 year lease from 7th February 2020  

Viewing
Strictly by appointment through this office.

Rateable Value
The 2025 Rating List entry is Rateable Value £6,200
As the RV is below £12,000, occupiers for whom this property forms their sole trading premises will not pay business rates. We advise to seek verification of the above from the Local Rating Authority.