Offers in region of
£280,000
(£90.64/sq. ft)
Office for saleHigh Street East, Wallsend NE28
3,089 sq. ft
About this property
Three Storey Property
Investment Opportunity
Ground Floor Cafe
First & Second Floor Offices
Freehold Title
Summary
We are pleased to offer this three storey commercial property for sale. To the first floor are four good sized offices, a large meeting room, kitchen and w/c and access to the rear court yard. To the second floor are three more good sized offices, separate men's and women's bathrooms and stores. The ground floor comprises of the cafe with W.C facilities. We are advised the cafe is tenanted at 9,000 per annum and 2x offices tenanted at 6,000 per annum, making the current income 15,000. The property can generate in the excess of 27,000 per annum once fully tenanted and would make an ideal investment opportunity.
Externally there is a small rear yard.
Location
The subject property is well located along High Street East. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.2 miles from Wallsend town centre and approximately 4.8 miles from Newcastle city centre.
Accommodation
To the first floor are four good sized offices, a large meeting room, kitchen and w/c and access to the rear court yard. To the second floor are three more good sized offices, separate men's and women's bathrooms and stores. The ground floor comprises of the cafe with W.C facilities.
Externally there is a small rear yard.
Tenancy Information
198 High Street (Office Space) -Rooms 1 & 2 let for 500 pcm on a rolling basis.
200 High Street East (Ground floor cafe) -Let at 750 pcm on a 3 year term which commenced on the 11th of July 2022.
Total income approximately 15,000 per annum.
Tenure
Freehold. Title Number title number: TY17168.
EPC
198 High Street East - Available upon request (rating C).
200 High Street East - Available upon request (rating D).
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . 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.
We are pleased to offer this three storey commercial property for sale. To the first floor are four good sized offices, a large meeting room, kitchen and w/c and access to the rear court yard. To the second floor are three more good sized offices, separate men's and women's bathrooms and stores. The ground floor comprises of the cafe with W.C facilities. We are advised the cafe is tenanted at 9,000 per annum and 2x offices tenanted at 6,000 per annum, making the current income 15,000. The property can generate in the excess of 27,000 per annum once fully tenanted and would make an ideal investment opportunity.
Externally there is a small rear yard.
Location
The subject property is well located along High Street East. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.2 miles from Wallsend town centre and approximately 4.8 miles from Newcastle city centre.
Accommodation
To the first floor are four good sized offices, a large meeting room, kitchen and w/c and access to the rear court yard. To the second floor are three more good sized offices, separate men's and women's bathrooms and stores. The ground floor comprises of the cafe with W.C facilities.
Externally there is a small rear yard.
Tenancy Information
198 High Street (Office Space) -Rooms 1 & 2 let for 500 pcm on a rolling basis.
200 High Street East (Ground floor cafe) -Let at 750 pcm on a 3 year term which commenced on the 11th of July 2022.
Total income approximately 15,000 per annum.
Tenure
Freehold. Title Number title number: TY17168.
EPC
198 High Street East - Available upon request (rating C).
200 High Street East - Available upon request (rating D).
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . 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.
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