Prudhoe Street, North Shields, NE29

Freehold Off-Licence with One-Bedroom Flat Above - Investment Opportunity - £160,000

An excellent opportunity to acquire a mixed-use freehold property comprising a ground floor off-licence premises and a self-contained one-bedroom flat above, situated within a well-established residential area with regular local trade.

The ground floor commercial unit is currently operating as an off-licence and benefits from a fitted retail sales area, storage space and WC facilities. The shop is currently let on a 5-year lease and generates a rental income of £800.00 per calendar month, offering stable commercial income.

The first floor accommodation consists of a self-contained one-bedroom flat, currently occupied on a 12 - month tenancy agreement and achieving £600.00 per calendar month rental income.

The property provides a combined rental income of £1400.00 per month, making it an ideal investment opportunity for landlords and investors seeking immediate returns.

Key Features:

• Ground floor off-licence premises
• One-bedroom self-contained flat above
• Shop includes WC facilities
• Commercial unit on 5-year lease
• Shop rental income £800.00 PCM
• Flat rental income £600.00 PCM
• Total rental income £1400.00
• Established tenants in place 
• Strong investment opportunity

Asking Price: £160,000

Viewing is highly recommended. Please enquire for further information

EPC rating: E. Tenure: Freehold,