16-25 Old Eltringham Court, Prudhoe, Northumberland, NE42 6QJ
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Freehold Ground Rent Investment
- Arranged to provide 10 x self-contained flats
- Rent rising in 2031 and every 25 years thereafter
- Each flat benefits from a demisted parking space
- Investment let at £1,000 p.a. rising to £2,000pa in 2031 up to £16,000pa in 2106
Description
StrapLine
Auction Sale - 14/07/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteFreehold Ground Rent Investment over 10 flats, with reversionary income growth from £1,000 p.a. today to £16,000 p.a. by 2106.
Location
The property is prominently situated within Old Eltringham Court, a well-established commercial development in Prudhoe, Northumberland. Prudhoe is a popular Tyne Valley town located approximately 11 miles west of Newcastle upon Tyne, benefiting from strong road connectivity via the A695 and close proximity to the A1. The town offers a range of local amenities and services, while also providing convenient access to the wider Tyneside conurbation. Old Eltringham Court itself is positioned close to Prudhoe town centre and Prudhoe railway station, which provides regular services to Newcastle and Carlisle, making it an accessible and attractive location for both businesses and occupiers.
Transport
Road:The property benefits from excellent road connectivity, situated close to the A695 which provides direct access east to Newcastle upon Tyne (approximately 11 miles) and west towards Hexham. The A1 is also readily accessible, offering wider regional and national connectivity.
Rail:Prudhoe railway station is located approximately 0.5 miles from the property, providing regular services on the Tyne Valley Line to Newcastle upon Tyne and Carlisle, as well as onward connections to the wider national rail network.
Bus:The town is well served by local bus routes, with services linking Prudhoe to Newcastle, Hexham and surrounding towns and villages, with stops located within easy walking distance of Old Eltringham Court.
Air:Newcastle International Airport is approximately 10 miles to the north-east, offering a broad range of domestic and international flights.
Tenancy
Let for a term of 125 years from January 2006 at a current ground rent of £1,000 p.a.
The lease provides for regular rent increases;
Rising to £2,000pa in 2031, £4,000pa in 2056, £8,000pa in 2081 and £16,000pa in 2106
16-25 Old Eltringham Court, Prudhoe, Northumberland, NE42 6QJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Prudhoe Station0.4 miles
- Stocksfield Station2.1 miles
- Wylam Station2.4 miles
Notes
Disclaimer - Property reference 226-23384. 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 Savills Auctions, London. 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 Savills Auctions, London on 020 3909 6715.
*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.”