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High Street East, Wallsend, Tyne and Wear, NE28 7RH

Guide Price
£150,000

£84.46 per sq ft

Business rates & charges may apply

Pattinsons, Pattinsons Commercial North East
SIZE AVAILABLE

1,776 sq ft

165 sq m

SECTOR

Commercial development for sale

Key features

  • Freehold title
  • Two Storey Retail Property

Description

To Be Sold Via Online Auction, Fees Apply.

RARE INVESTMENT OPPORTUNITY – TWO-STOREY RETAIL PREMISES WITH POTENTIAL RESIDENTIAL CONVERSION STPP

An excellent and rare opportunity to acquire a substantial two-storey retail property positioned prominently on Wallsend High Street, currently utilised as a well-established tool shop with extensive storage accommodation to the first floor.

Offering excellent versatility and significant potential, the property could continue to operate as a retail premises with storage above, or subject to the necessary planning consents, provide an exciting opportunity to create a retail unit to the ground floor with a self-contained three-bedroom residential flat above. This could offer an attractive investment with the potential to generate multiple income streams from both the commercial and residential elements.

The ground floor currently comprises a prominent shop front and retail area, office, storage room, kitchen and WC. The first floor provides five separate rooms, currently utilised for storage, with the existing layout offering potential for conversion into a well-proportioned three-bedroom upper flat, subject to the relevant permissions.

Ideally situated on Wallsend High Street, the property benefits from a wealth of nearby shops, amenities, services and excellent transport links, providing convenient access to surrounding areas including Newcastle and the wider North East.

This is a particularly rare opportunity for investors, owner-occupiers or developers seeking a versatile commercial property with residential potential in a well-established town centre location.

Location

Located along High Street East, this property is on a busy high street in Wallsend. The property is close to many local amenities and transport links including metro and bus services.

Accommodation

GROUND FLOOR:
Shop Front - 4.824m x 6.027m
Office - 6.073m x 4.477m
Kitchen - 1.552m x 1.427m
WC - 1.399m x 1.834m
Back Room - 7.175m x 6.10m

FIRST FLOOR:
Hallway - 3.763m x 1.346m
Room 1 - 7.098m x 6.157m
Room 2 - 3.302m x 3.166m
Room 3 - 4.353m x 3.66m
Room 4 - 3.601m x 2.468m
Room 5 - 3.269m x 2.307m
Storage - 2.725m x 1.351m

Tenure

Freehold. Title number TY172435.

Rateable Value

Current rateable value £8,200 (April 2026 to present). Sourced from VOA.

EPC

We await a copy of the Energy Performance Certificate.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on or commercial. . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

High Street East, Wallsend, Tyne and Wear, NE28 7RH

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wallsend Metro Station0.1 miles
  • Hadrian Road Metro Station0.8 miles
  • Walkergate Metro Station1.1 miles

About Pattinsons, Pattinsons Commercial North East

Kingfisher Way Silverlink, Wallsend, NE28 9NY

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 523021. 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 Pattinsons, Pattinsons Commercial North East. 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 Pattinsons, Pattinsons Commercial North East on 0191 743 9260.

*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.”