259-261 Welbeck Road, 2 Cleadon Street, Newcastle Upon Tyne, NE6
£98.54 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,370 sq ft
127 sq m
- SECTOR
High street retail property for sale
Description
The property occupies a prominent corner position at the junction of Welbeck Road and Cleadon Street, within a busy high street location approximately 1.5 miles east of Newcastle City Centre. The area forms part of the well-established Byker district and comprises a mix of residential neighbourhoods alongside a range of local and national retailers including Greggs, Costcutter, Ladbrokes and Heron Foods, a major national supermarket operator represented on the street. The property is situated on a main bus route with direct links to city centre destinations and the Metro system.
Public transport links are strong, with the nearby Tyne and Wear Metro providing regular services from Byker Metro Station and Manors Metro Station, offering convenient access to Newcastle City Centre, Gateshead, Sunderland, and North Shields.
The property comprises a masonry constructed building set beneath a pitched slate roof. The property benefits from a traditional shop frontage fitted with steel security shutters at ground floor level. The first floor flat is accessed via a separate entrance from Cleadon Street. To the rear, the property benefits from separate external yard areas.
The ground floor is currently let to a salon, producing rental income of £900pcm (£10,800pa) with approximately 8 years remaining on the lease. The lease is on full repairing terms, with the tenant also contributing towards the cost of the building insurance together with general building repairs and maintenance.
The first floor comprises a self-contained vacant 2 bed residential flat, offering potential to secure additional rental income. We estimate the flat would generate an additional annual income of around £500pcm (£6,000pa).
Ground floor retail: 65.6 sq. m (706 sq. ft)
First floor flat: 61.76 sq. m (664 sq. ft)
Energy Performance Certificates
Picture No. 02259-261 Welbeck Road, 2 Cleadon Street, Newcastle Upon Tyne, NE6
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Byker Metro Station0.6 miles
- Chillingham Road Metro Station0.8 miles
- Walkergate Metro Station0.8 miles
Notes
Disclaimer - Property reference CMR260016. 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 Bradley Hall, 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.
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 Bradley Hall, Newcastle Upon Tyne on 0191 743 7550.
*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.”
Map data ©OpenStreetMap contributors.