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Guide price

£275,000

Retail premises for sale

Park Road, Wallsend NE28

Guide price

£275,000

Retail premises for sale
Park Road, Wallsend NE28

    About this property

      Situated on a prominent stretch of Park Road in the heart of Wallsend, these adjoining commercial properties (80,82, and 84) benefit from excellent visibility and strong footfall. Located just a short walk from Wallsend town centre and the
      popular Wallsend Forum Shopping Centre, the area is well-served by a mix of national and independent retailers, cafés, and essential local services.

      The properties enjoy easy access to major transport links, with Wallsend Metro Station less than 5 minutes away on foot, providing direct connections to Newcastle city centre and surrounding areas. Park Road also connects conveniently to the A193 and A19, making the location ideal for both local and regional trade.

      Description
      The property is arranged over a ground floor and will benefit from a tenant fit out. Each have a flexible layout suitable for class E services. The property enjoys a returned frontage on High Street East and Park Road amplifying its visibility to local
      footfall.

      The current tenant is occupying the property under a 5-year lease which commenced on 26th March 2025, offering the purchaser a secure long-term income stream from a tenant with strong covenant strength and an attractive rental
      level.

      Accommodation
      We calculate the approximate net internal floor area to be as follows:
      Total 153m2 1,647ft2

      Terms
      The property is available with an asking price of £275,000 (Two
      Hundred and Seventy Five Thousand pounds).
      VAT

      All rents, premiums and purchase prices quoted
      herein are exclusive of VAT. All offers are to be made
      to Bradley Hall upon this basis, and where silent,
      offers will be deemed net of VAT.

      Rating Assessment
      The rateable value of the premises is waiting
      reassessment.

      EPC Rating
      80 Park Road E(117)
      82 Park Road D(87)
      84 Park Road B(47)

      More information

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