47-49 London Road, Chesterton, Newcastle
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- Freehold Vacant Retail Opportunity
- Two Retail Units and Associated Upper Parts
- Evident Asset Management Potential Via Letting
- Development/Conversion Potential (subject to consents)
- Central High Footfall Pitch
- VAT-Free Opportunity
- Offered with Full Vacant Possession
Description
Arranged as two ground floor retail units with associated upper parts, the property is currently fully vacant, having previously been operated by a bookmaker and a takeaway. The property could be suitable for immediate letting or the ground floor units could be combined to create a single retail space in order to attract national retailers.
The upper parts are currently internally accessed, but the property benefits from external access at the side and a rear yard. This could be utilised to create an additional access to the upper parts allowing for conversion to alternative uses, including residential (subject to obtaiing the requisite consents).
We consider that if works were done to convert the upper parts to a residential HMO, the property could generate a rent of £40,000 per annum if fully let.
The property occupies a prominent pitch fronting London Road, a principal arterial route benefitting from high footfall. The surrounding area is characterised by a mix of retail and residential uses.
Brochures
47-49 London Road, Chesterton, Newcastle
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Longport Station1.4 miles
- Kidsgrove Station3.1 miles
- Stoke-on-Trent Station3.7 miles
Notes
Disclaimer - Property reference 763A5277-1F3B-4561-BCAD-0A513F32E631. 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 Savills, Savills Auctions- Commercial. 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.
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