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Property Listing Details

Property details

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Last 30 days: 38 page views

Since listed: 202 page views

Description

Retail investment - ashington


Ground Floor Let to Ramsdens Financial Ltd.

Creditsafe rating 96A.

Well located and well let retail investment close to Barclays and Lloyds Bank, Newcastle Building Society and Superdrug.

New 10 year lease (break at year 5).

Vacant upper floor with 2 parking spaces suitable for alternative uses (consent to convert to a 2 bedroom flat) applied for.

£120,000 (10% net initial yield assuming allowance for upper floors).

Ideal for pension fund/ sipp purchase.
Location


The property is located in Ashington, which is a former mining town located approximately 18 miles north of Newcastle upon Tyne. The town benefits from good

transport links providing direct access to the A189 Spine Road and is also situated approximately 6 miles to the east of the A1.

The property occupies a prominent position on Station Road which is Ashington's main retail thoroughfare. Newlook and EE occupy units immediately adjacent whilst Lloyds and Superdrug are located opposite the property. Other retailers in the immediate vicinity include Barclays, Subway, Greggs, Poundland and Heron Foods.
Description


The property comprises ground floor retail which has been fitted out by Ramsdens in their high standard shop fit.

The first floor, which is accessed from the rear and benefits from two onsite parking spaces, comprises a large open plan room with separate kitchen and w/c, suitable for office or residential use (subject to planning).

Map & Nearby

Local Amenities

  • Pegswood 3 miles
  • Widdrington 4.4 miles
  • Central Primary School 0.2 miles
  • Get U Started Training (SEN) 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Pegswood 3 miles
  • Widdrington 4.4 miles
  • Central Primary School 0.2 miles
  • Get U Started Training (SEN) 0.2 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Naylors Gavin Black LLP. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Naylors Gavin Black LLP for full details and further information.