Shop and 3 Flats at 11 Main Street, Crawcrook, Ryton, Tyne and Wear NE40 4TX
- PROPERTY TYPE
Mixed Use
- SIZE
Ask agent
Description
Auction Date Commencing on Monday 29th September at 1pm and ending 24 hours later on Tuesday 30th September at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Fully Let Mixed-Use Investment – £33,240 Annual Income
For viewings requests, please contact Your Move Crawcrook on O
An excellent opportunity to acquire a fully let mixed-use investment property comprising three self-contained flats and a ground floor retail unit, generating a strong rental income.
The accommodation includes:
11A Main Street – One-bedroom flat, sold with sitting tenant paying £495 PCM
11B Main Street – One-bedroom flat, sold with sitting tenant paying £450 PCM
11C Main Street – Two-bedroom flat, sold with sitting tenant paying £575 PCM
Ground Floor Shop Premises – Let on a 10-year lease at £1,250 PCM (currently let, though no trading business has commenced)
Total Current Income: £2,770 PCM / £33,240 per annum
Located on Crawcrook’s Main Street, the property is well-positioned close to local shops, amenities, and transport links, making this an attractive long-term investment.
Auctioneer’s Note:
This lot offers a ready-made investment opportunity with an established rental income stream. Buyers are advised to consult the legal pack for full tenancy details.
Tenure: Freehold (further details within the legal pack)
EPC Ratings: Available within the legal pack
Tenure: Freehold
EPC Rating: see legal pack
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Shop and 3 Flats at 11 Main Street, Crawcrook, Ryton, Tyne and Wear NE40 4TX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wylam Station1.2 miles
- Blaydon Station3.0 miles
- Prudhoe Station3.1 miles
About Auction House, Auction House North East
The Qube, Windward Way, Middlesbrough, Teeside, TS2 1QG
Notes
Disclaimer - Property reference 202509041459sq_dbrh. 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 Auction House, Auction House North East. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Auction House North East on 01642 049800.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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