Albert Road, Jarrow, NE32
£88.15 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,418 sq ft
132 sq m
- SECTOR
High street retail property for sale
Description
- Aquatic shop to ground floor
- 2 bedroom flat to first floor
- Fully tenanted investment
- Annual rental income £9,540
- Close to local amenities and transport links
FOR SALE VIA ONLINE AUCTION: terms and conditions apply. Link to bidding platform: auction.bradleyhall.co.uk/lot/details/29d341d6-190a-4d30-a8cb-4492b65926fd
Situated on Albert Road in Jarrow, this mixed use investment property comprises a ground floor 71sqm (761sqft) commercial unit currently occupied as an aquatic shop, together with a self-contained two bedroom residential flat to the first floor.
The ground floor aquatic shop is currently let at £395pcm, while the two bedroom flat is let at £400pcm, providing a combined current rental income of £795pcm (£9,540 per annum). Please note that the flat is currently let at a reduced rate to a family member of the seller.
The commercial unit is a versatile, mid-size unit would be great for various uses such as a small boutique, offices and light industrial workshop (STPP).
Albert Road is situated within an established area of Jarrow, with a range of local shops, services and amenities available within the surrounding area. Jarrow town centre is readily accessible, providing further retail, leisure, and everyday amenities, including Jarrow park for dog walking, and St Oswald’s Primary School which was graded Outstanding across several categories. The area is also well positioned for access to the wider Tyne and Wear conurbation, with road connections providing access towards South Shields, Newcastle upon Tyne and surrounding areas.
The property may appeal to both private and professional investors seeking a mixed use, dual-income investment, with the benefit of existing occupational income from both the commercial and residential elements.
Albert Road, Jarrow, NE32
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Jarrow Metro Station0.6 miles
- Hebburn Metro Station0.6 miles
- Hadrian Road Metro Station1.1 miles
Notes
Disclaimer - Property reference SND260222. 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.”