Prime freehold retail / office investment. Substantial three storey end terrace property. Rental income £31,000 per annum. Attractive 15.5% yield based on £199,950 guide price. Fully occupied by solicitors & retailer. Net internal area 5,240 sq. ft. (486.8 sq. m.). Prime high street position with busy footfall. Excellent investment opportunity. Designated parking to the rear.

Auction Guide Price £199,950+Ref I326

Live Auction on Thursday 26th February 2026 - Option 1
For Sale by Auction. Terms and Conditions apply, see agentspropertyauction.com

Each 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 subject property is prominently located on Shields Road being on the north side of the street opposite the swimming pool. Shields Road is a very busy suburb of Newcastle upon Tyne and benefits from a very high level of footfall. Nearby retailers include a selection of local independents as well as National High Street Retailers including Iceland, Wilkinsons, Greggs, Boots and William Hill. The area is also well served by public transport having regular bus services and a metro station.

Description
We are pleased to present this substantial end-terrace, three-storey retail and office investment opportunity, prominently positioned and fully let. The property is divided into two self-contained units. V Smart Idea, a homeware, travel, and commercial retailer, occupies the ground floor, extending to approximately 1,950 sq. ft. (181 sq. m.). The accommodation comprises a retail sales area, storage, kitchen, and WC facilities.

Singleton Winn Connell Solicitors occupies the first and second floors, providing a total floor area of approximately 3,290 sq. ft. (305.65 sq. m.). The space comprises various offices, meeting rooms, storage areas, kitchen, and WC facilities.

This fully tenanted asset offers investors a strong income stream from two tenants within a well-configured, multi-level premises.

Tenant - Singleton, Winn, Connell Solicitors
Accommodation - First Floor 2,200 sq. ft. / Second Floor 1,090 sq. ft.
Rent - £15,000 per annum
Lease Details - We have been verbally informed they have been in occupation for 20+ years with the current lease rolling over.

Tenant - V Smart Idea 
Accommodation - Ground Floor 1,950 sq. ft.
Rent - £16,000 per annum
Lease Details - 10-year lease from February 2014, the tenant has 4 breaks every 2.5 years from the start of lease. Rent review at each break (RPI) upwards only.

Yield
Attractive 15.5% yield based on £199,950 guide price.

EPC Rating
B  

Tenure
Freehold

Auction
Live online auction, bidding starts Thursday 26th February 2026, terms and conditions apply, see website agentspropertyauction.com

Auction Guide Price
£199,950 +

Viewing Arrangements
Strictly by appointment through this office.

Rateable Value (230 Shields Road)
The 2026 Rating List entry is Rateable Value £15,000.

Rateable Value (232 Shields Road)
The 2026 Rating List entry is Rateable Value £21,500.