Naylors Gavin Black LLP, Newcastle Upon Tyne

23, Station Road, Ashington, NE63 9UZ

£475,000

Size

0.02635

Tenure

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EPC

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Parking

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Primary use
Land

No floor / site plan

Key features

  • Ground floor retail unit with separate 2 no. two-bed and 2 no. one-bed self-contained flats
  • Ground floor let to Private Individual with personal guarantee
  • 7.5 years unexpired
  • Total rental income £45,000 per annum
  • 9.5% gross yield
  • VAT free
  • Close to newly opened railway station giving direct access to Newcastle

Description

Location

Ashington is a former mining town located towards the coast in the heart of Northumberland. It benefits from good access to the region via the A189 Spine Road. There is now a direct rail service to Newcastle which has been of significant benefit to the town.

The Art Deco property is located to the north side of Station Road, the main retail location serving the town with close by occupiers including Greggs, Boots, Hays Travel and a number of high street banks.

Description

Ground floor lock up shop currently divided to provide treatment area, rear private cubicles and storage with four fully furnished self-contained flats to the first and second floors.

Tenure Comments

The property is freehold, subject to the tenancies as below:

Retail - let by way of an effectively full repairing and insuring lease to a private individual (with personal guarantee) by way of a 10 year unbroken lease from 4 November 2022 without review (7.5 years unexpired), at an annual rental of £18,000 per annum. The lease is excluded from the security of tenure provisions of the Landlord and Tenant Act.

Total Income £45,000pa.
Naylors Gavin Black LLP, Newcastle Upon Tyne

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Additional information
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Brochure

23, Station Road, Ashington, NE63 9UZ

NEAREST STATIONS

National Rail

Ashington Station

0.11 miles

National Rail

Pegswood Station

2.94 miles

National Rail

Widdrington Station

4.36 miles

About Naylors Gavin Black LLP, Newcastle Upon Tyne

Naylors Gavin Black LLP, Newcastle Upon Tyne

We are Naylors - we bring Real Estate, Real Value - to the North East. We are the North East's largest independent commercial property consultancy based in Newcastle upon Tyne. We bring a fresh, dynamic approach to the property market striving to offer the best possible results for our clients.

With decades of market experience on our side, our advice is underpinned with a thorough understanding of the commercial property market from the inside out. Clients come to us for our knowledge and intuitive understanding of the region’s property sector, and we always deliver. Our solid reputation is built on the recommendation of happy clients.

You will find our straight forward, open and honest approach refreshing. Experts in our respective fields, we work together to provide a first-rate joined up service across all sectors and focus on building strong, lasting relationships with our clients. We are, above all, a people business – our client’s needs are of the first and utmost importance.

At Naylors we believe that people who are specialists give the best advice. That’s why our services are broken down into specific areas, with each service led by a senior Naylors expert. It’s this structure which allows us to offer a bespoke service providing solutions across all property types. Our services include Property investment, Industrial Agency, Office Agency, Building Consultancy, Asset & Facilities Management, Valuations & Lease Advisory, Rating and Development Consultancy.

We are regional market leaders poised for progressive growth, yet we are loyal to our roots. Based firmly in the North East, we are owned, managed and run from Newcastle, it’s our home, our passion and the place we know best.

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Disclaimer - Property reference 3223FH. 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.