Skip to content
Buy
Property for sale New homes for sale Property valuation Investors Mortgages
Rent
Property to rent Student property to rent
Find Agent
Find estate agents
House prices
Sold house prices Instant online valuation
Commercial
Commercial property to rent Commercial property for sale Advertise
Inspire
Moving stories Property news Energy efficiency Property guides Housing trends Overseas blog Mortgage guides
Overseas
All countries Spain France Portugal Italy Greece Currency Sell Overseas property

132-142 , Station Road, Wallsend, Newcastle Upon Tyne , NE28 8QT

£250,000

£56.56 per sq ft

Business rates & charges may apply

Naylors Gavin Black LLP, Newcastle Upon Tyne
SIZE AVAILABLE

4,420 sq ft

411 sq m

SECTOR

Land for sale

Key features

  • Three retail units with mixed use uppers
  • Total income £25,600 per annum
  • Break up potential
  • Offers over £250,000 for the freehold interest
  • Net Initial Yield of 10% after allowing for purchaser costs

Description

Location

Wallsend is is located to the North of the River Tyne, approximately four miles of East Newcastle City Centre.

The subject property is situated on the east side of Station Road approximately 50 metres north of its junction with High Street West, which along with the Forum Shopping Centre is regarded as the main shopping area for the town. Wallsend Library and Customer First Centre immediately opposite the subject property.

Description

The property comprises a mid-terraced block of three two storey unit of brick construction under pitched slate roofs.

134 Station Road comprises a ground floor lock-up trading as both a convenience shop and a barber's shop.

132, 136 & 138 Station Road comprises Ground floor retail unit with office accommodation on the first and second/attic floors extending above unit 134. The accommodation is finished to a good standard.

142 Station Road comprises a ground floor lock-up shop trading as a Hairdressing salon. To the rear there is a kitchen area and WC facilities in the yard.

140 Station Road is a first floor flat comprising a lounge, two bedrooms, bathroom and kitchen.

Tenure Comments

Freehold - offers over £250,000 (exclusive of VAT), which shows a net initial yield of 10% after purchaser's costs.

Brochures

132-142 , Station Road, Wallsend, Newcastle Upon Tyne , NE28 8QT

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wallsend Metro Station0.1 miles
  • Hadrian Road Metro Station0.9 miles
  • Walkergate Metro Station1.0 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 3302FH. 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.

Email

Call

Email