Retail Investment, 36 Station Road, Ashington, Northumberland
- PROPERTY TYPE
Retail Property (high street)
- SIZE
Ask agent
Key features
- Prime freehold retail investment
- Two storey property 145.8 sq. m. (1570 sq. ft.)
- Rental income £12000 per annum
- 12.6 % based on a guide price of £95000
- Let to Hays Travel the U.Ks largest independent travel agents
- 9 years from and including 31 July 2025 (Tenant break clause 31 July 2028 & July 2031)
- Prime town centre location
- Same parade as Boots Super Drug O2 EE & Greggs
Description
Auction Guide Price £95,000 +
Ref I303
Live Auction on Tuesday 30th September 2025 - Option 1
For Sale by Auction. Terms and Conditions apply, see agentspropertyauction.comEach auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2,000+VAT (total £2,400
Location
The property is centrally located on the main shopping parade within Ashington town centre. The property is surrounded by many national operators including EE, Superdrug, O2, Subway, Boots, Savers, Card Factory, Greggs, Lloyds Bank and Halifax to name a few. Ashington is a busy town in Northumberland circa 16 miles north of Newcastle upon Tyne and benefits from good transport links, providing direct access to the A189 and 6 miles to the east of the A1.
Description
A mid terrace two storey property of brick construction under a pitch slate roof. The ground floor sales area has been fitted out in the standard Hays livery and format with the benefit of a Bureau de Change. The remainder of the ground floor is used as a kitchen/staff room and staff W.C. The first floor consists several store rooms.
Accommodation
The premises are arranged on ground and first floors with the following approximate areas.
Floor Area
145 sq. m. (1,569.9 sq. ft.)
Rental Income
£12,000 per annum
Tenant
The property is current let to Hays Travel the U.K’s largest independent travel agents.
Lease
Renewal of existing lease – A term of 9 years from and including 31st July 2025 to and including 30th July 2034. Tenant break clause 31st July 2028 and July 2031. Review date fifth anniversary of contractual term.
Yield
12.6 % based on a guide price of £95,000.
Auction Guide Price
£95,000 +
Viewing
Strictly by appointment through this office.
Tenure
Freehold.
Auction
Live online auction, bidding starts Tuesday 30th September 2025, terms and conditions apply, see website agentspropertyauction.com
Brochures
Property BrochureFull DetailsEnergy Performance Certificates
Energy Performance CertificateRetail Investment, 36 Station Road, Ashington, Northumberland
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ashington Station0.1 miles
- Pegswood Station2.9 miles
- Widdrington Station4.4 miles
About Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties
Newcastle House Albany Court, Newcastle Business Park, Newcastle Upon Tyne, NE4 7YB
Notes
Disclaimer - Property reference 12748904. 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 Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties. 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 Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties on 0191 625 1019.
*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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