Offers over
£1,100,000
(£143.55/sq. ft)
Property for saleWestmorland Road, Newcastle Upon Tyne NE4
7,663 sq. ft
Just added
Freehold
About this property
Located on Westmorland Road in the vibrant city of Newcastle Upon Tyne, this impressive commercial property presents a remarkable opportunity for investors and developers alike. The property boasts an impressive configuration of around 40 bedrooms, making it an ideal candidate for a high-demand House in Multiple Occupation (HMO).
Currently, the property is part let and part vacant, offering immediate income potential while also allowing for further development or refurbishment to maximise its value. Its strategic location is merely a stone's throw away from the bustling city centre, ensuring that residents will enjoy easy access to a wealth of amenities, including shops, restaurants, and public transport links.
The freehold for this property is now available for sale, presenting a unique chance to acquire a substantial asset in a thriving area. With the growing demand for rental accommodation in Newcastle, particularly among students and young professionals, this property is well-positioned to benefit from the city's dynamic rental market.
Whether you are looking to expand your property portfolio or seeking a lucrative investment opportunity, this commercial property on Westmorland Road is not to be missed. Embrace the potential of this versatile space and explore the possibilities it holds for your future endeavours.
Currently, the property is part let and part vacant, offering immediate income potential while also allowing for further development or refurbishment to maximise its value. Its strategic location is merely a stone's throw away from the bustling city centre, ensuring that residents will enjoy easy access to a wealth of amenities, including shops, restaurants, and public transport links.
The freehold for this property is now available for sale, presenting a unique chance to acquire a substantial asset in a thriving area. With the growing demand for rental accommodation in Newcastle, particularly among students and young professionals, this property is well-positioned to benefit from the city's dynamic rental market.
Whether you are looking to expand your property portfolio or seeking a lucrative investment opportunity, this commercial property on Westmorland Road is not to be missed. Embrace the potential of this versatile space and explore the possibilities it holds for your future endeavours.
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£5,502 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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