Guide price
£135,000
Retail premises for sale259-261 Welbeck Road, 2 Cleadon Street, Newcastle Upon Tyne NE6
EPC Rating: E
Freehold
About this property
For sale via online auction: Terms and conditions apply. Link to bid:
The property occupies a prominent corner position at the junction of Welbeck Road and Cleadon Street, within a busy high street location approximately 1.5 miles east of Newcastle City Centre. The area forms part of the well-established Byker district and comprises a mix of residential neighbourhoods alongside a range of local and national retailers including Greggs, Costcutter, Ladbrokes and Heron Foods, a major national supermarket operator represented on the street. The property is situated on a main bus route with direct links to city centre destinations and the Metro system.
Public transport links are strong, with the nearby Tyne and Wear Metro providing regular services from Byker Metro Station and Manors Metro Station, offering convenient access to Newcastle City Centre, Gateshead, Sunderland, and North Shields.
The property comprises a masonry constructed building set beneath a pitched slate roof. The property benefits from a traditional shop frontage fitted with steel security shutters at ground floor level. The first floor flat is accessed via a separate entrance from Cleadon Street. To the rear, the property benefits from separate external yard areas.
The ground floor is currently let to a salon, producing rental income of £900pcm (£10,800pa) with approximately 8 years remaining on the lease. The lease is on full repairing terms, with the tenant also contributing towards the cost of the building insurance together with general building repairs and maintenance.
The first floor comprises a self-contained vacant 2 bed residential flat, offering potential to secure additional rental income. We estimate the flat would generate an additional annual income of around £500pcm (£6,000pa).
Ground floor retail: 65.6 sq. M (706 sq. Ft)
First floor flat: 61.76 sq. M (664 sq. Ft)
The property occupies a prominent corner position at the junction of Welbeck Road and Cleadon Street, within a busy high street location approximately 1.5 miles east of Newcastle City Centre. The area forms part of the well-established Byker district and comprises a mix of residential neighbourhoods alongside a range of local and national retailers including Greggs, Costcutter, Ladbrokes and Heron Foods, a major national supermarket operator represented on the street. The property is situated on a main bus route with direct links to city centre destinations and the Metro system.
Public transport links are strong, with the nearby Tyne and Wear Metro providing regular services from Byker Metro Station and Manors Metro Station, offering convenient access to Newcastle City Centre, Gateshead, Sunderland, and North Shields.
The property comprises a masonry constructed building set beneath a pitched slate roof. The property benefits from a traditional shop frontage fitted with steel security shutters at ground floor level. The first floor flat is accessed via a separate entrance from Cleadon Street. To the rear, the property benefits from separate external yard areas.
The ground floor is currently let to a salon, producing rental income of £900pcm (£10,800pa) with approximately 8 years remaining on the lease. The lease is on full repairing terms, with the tenant also contributing towards the cost of the building insurance together with general building repairs and maintenance.
The first floor comprises a self-contained vacant 2 bed residential flat, offering potential to secure additional rental income. We estimate the flat would generate an additional annual income of around £500pcm (£6,000pa).
Ground floor retail: 65.6 sq. M (706 sq. Ft)
First floor flat: 61.76 sq. M (664 sq. Ft)
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£675 per month
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