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No longer on the market

This property is no longer on the market

EPC

Retail property (high street)

Auction
Sold STC
Retail property (high street)
1000
Added > 14 days

Features and description

  • Ground Floor Retail Unit
  • First Floor Accommodation
  • Excellent Investment Opportunity
*FOR SALE VIA ONLINE AUCTION* terms and conditions apply*

We are pleased to offer to auction this excellent investment opportunity with this commercial hair salon with studio and beauty room providing potential rental income of between £650-£700 per calendar month and a two bedroom first floor flat currently let out at £450 per calendar month. The ground floor hair salon provides a hair studio open plan to a second hair studio area, a beautician room, a fitted kitchen and a separate WC. To the first floor is a deceptively spacious flat featuring an open plan lounge and modern fitted kitchen, two good sized bedrooms and a modern white bathroom suite. To the lower ground floor of the premises is a basement cellar with three storage areas. Outside to the rear is an attached garage which provides potential rental income of £500 per annum.

Situated in the popular town of Nelson, this property offers easy access to the town centre, well regarded schools and convenient amenities. The property is also well located for bus links and commuter routes



Please note we have not inspected this property.

Rooms

Location
Situated in the popular town of Nelson, this property offers easy access to the town centre, well regarded schools and convenient amenities. The property is also well located for bus links and commuter routes.

Accommodation
The ground floor hair salon provides a hair studio open plan to a second hair studio area, a beautician room, a fitted kitchen and a separate WC. To the first floor is a deceptively spacious flat featuring an open plan lounge and modern fitted kitchen, two good sized bedrooms and a modern white bathroom suite. To the lower ground floor of the premises is a basement cellar with three storage areas. Outside to the rear is an attached garage.

Tenure
Leasehold. Title number LA867329 Date : 19 September 1913 Term : 999 years from 1 May 1913

EPC
196 - We are currently awaiting a copy of the energy performance certificate. 196a - Available upon Request (Rating E).

Council Tax
196a - Band A

Rateable Value
The current rateable value is £2,950 as of 1 April 2023. Sourced by VOA.

Tenancy Details
The retail unit is being offered with vacant possession although should achieve between £650-700pcm once tenanted. The flat upstairs is currently let at £450pcm, in addition there is a lettable garage space that could generate and additional £500pa. Total potential income approx £14,000pa

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About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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