39-41 Ramsay Street, High Spen, Rowlands Gill, Tyne and Wear NE39 2EJ
- PROPERTY TYPE
Mixed Use
- SIZE
Ask agent
Description
Auction Commencing on Monday 17th November at 1pm and ending 24 hours later on Tuesday 18th November at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Dual-Let Potential, Title-Split Option & Future Development Upside.
Open House Viewings (no need to book)
11am Wednesday 5th November
10am Monday 10th November
12 midday Friday 14th November
12 midday Monday 17th November
A fantastic investment property, offering dual income generating potential, having a commercial unit with a rental potential of £5000 per year and a very large well appointed three bedroom home with a rental value of around £9000 per year, a total of £14,000.
There is also an option to title split to maximise the re sale potential making this a very interesting investment property, for those with big ambitions the commercial unit could be converted to become a residential property subject to obtaining any necessary consents.
Externally an enclosed courtyard offers parking and there is a storage unit with potential for letting or possible accommodation conversion ( As storage £1200 per year estimated) for even more income from this one combined purchase. Perfect for operating your own business whilst living on site , the possibilities are many and varied and buyers are urged to consider the phenomenal yield possible with the safety of multiple revenue streams and future proofed resale values, located just over 12km to Newcastle International Airport and 7km to the Metro Centre, train station , other High Street amenities including bus routes and road links to nearby Newcastle city centre.
SHOP PREMESIS
Shop Unit
4.67m x 3.91m
Rear Commercial Kitchen
4.4m x 3.67m
HOUSE -
Lounge
5.64m x 3.88m
Dining Room
4.85m x 3.9m
Kitchen
4.6m x 2.58m
Ground Floor Bathroom
Utility Room
3.5m x 1.68m
Store Room One
3.55m x 3.53m
Store Room Two
3.7m x 3.6m
First Floor Landing
Bedroom One
4.3m x 4.1m
Bedroom Two
3.5m x 2.7m
Bedroom Three
3.3m x 2.1m
Large Bathroom
••OUTBUILDING - Substantial two floor outbuilding to the rear with potential••
Tenure
Freehold
Tenure: Freehold
EPC Rating: D
Administration Fee: £2400 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.
39-41 Ramsay Street, High Spen, Rowlands Gill, Tyne and Wear NE39 2EJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wylam Station3.0 miles
- Blaydon Station3.5 miles
- Prudhoe Station3.9 miles
Notes
Disclaimer - Property reference 202510291404sq_c7ey. 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, 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, North East on 0191 917 9650.
*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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