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Retail premises for sale

£60,000 (£60,000/sq. ft) Guide price

High Street, Felling, Gateshead NE10

1 sq. ft*
Interested in this property? Call +44 191 686 1492 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Investment Portfolio
  • Four Retail Units
  • Total Income of 6,500+VAT pa
  • Potential Total Income of 9,100+VAT pa
  • Freehold Title
  • High Street Location

Property description

Summary

For sale by auction: Auction to be held at 5pm, 29th August 2017 at Kingston Park Rugby Club. Terms and conditions apply.

We are pleased to offer to auction an investment opportunity consisting of one double and two single retail units located on High Street, Felling, Gateshead. Units 93 and 97-99 are currently let for a total of 6,500+VAT per annum, and the potential total annual income if unit 95 were let is 9,100+VAT per annum.

Location

The subject property is located within an established retail area at Felling a highly populated part of Gateshead, Tyne and Wear. High Street, Felling, is made up of local traders and national retailers commonly found in community areas. The location is provided access to a reasonable level of services and facilities including access to Newcastle around 3 miles north west of the property.

Accommodation

Ground Floor
93 High Street:
Main sales area: 4.7m x 5.1m (24.0sqm)
W.C.
Nia: 24.0sqm

95 High Street:
Main sales area: 4.6m x 5.1m (23.5sqm)
Main storage area: 3.4m x 1.2m (4.1sqm)
Secondary storage area: 1.3m x 1.1m (1.4sqm)
W.C.
Nia: 29.0sqm

97-99 High Street:
Main retail area: 37.1sqm
Storage: 3.9sqm
W.C.S
nia: 41.0sqm

Tenure

Freehold. All properties are on the title number TY480580.

Lease Details

The shops are let on a rolling basis.
93 High Street is currently let to a vape shop for 50+VAT per week.
95 High Street has recently become vacant, but was previously let to a hardware store for 50+VAT per week.
97-99 High Street is currently let to a secondhand shop for 75+VAT per week.
The total annual income is currently 6,500+VAT per annum, but has the potential to reach 9,100+VAT per annum if unit 95 were to be let.

Rateable Value

The adopted rateable values are as follows:
93 High Street: 2,700
95 High Street: 3,300
97-99 High Street: 4,900
Sourced from voa.

EPC

Copies of all EPCs are available upon request.

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.

Property info

What Zoopla users think of Felling

Overall rating:

  • currently 3.5 stars
Good - 71% (16 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
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Entertainment & nightlife
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Parks & recreation
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  • 1
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  • 5
Restaurants & shopping
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  • 1
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  • 5
Schools & public services
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  • 5
Transport & travel
  • currently stars
  • 1
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  • 5

Nearby transport

  • Heworth (0.6 miles)
  • Manors (2.1 miles)
  • Newcastle (2.2 miles)
  • Newcastle Airport (7.8 miles)
  • Durham Tees Valley Airport (31.0 miles)
  • Leeds Bradford International Airport (75.1 miles)
  • Newcastle International Ferry Terminal (5.6 miles)
  • South Shields Ferry Terminal (6.1 miles)
  • North Shields Ferry Terminal (6.2 miles)

Nearby schools

View all schools in Gateshead
  • Falla Park Community Primary School (0.2 miles)
  • Brandling Primary School (0.2 miles)
  • The Drive Community Primary School (0.5 miles)
  • Yeshiva Lezeirim Preparatory Academy (1.4 miles)
  • Gateshead College (1.6 miles)
  • Discovery School (2.5 miles)
  • Ateres Girls High School (0.2 miles)
  • Thomas Hepburn Community Academy (0.6 miles)
  • Heworth Grange Comprehensive School (0.8 miles)
Note: Distances are straight line measurements

Local info for Gateshead

About the neighbours in NE10

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Pattinson - Commercial, NE1 on +44 191 686 1492 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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