Mixed use for sale

Auction Commencing on Monday 17th November at 1pm and ending 24 hours later on Tuesday 18th November at 1pm with Auction House North East

Please register to bid via our website - auctionhouse.co.uk/northeast

Dual-Let Potential, Title-Split Option & Future Development Upside.

Open House Viewings (no need to book)
11am Wednesday 5th November
10am Monday 10th November
12 midday Friday 14th November
12 midday Monday 17th November

A fantastic investment property, offering dual income generating potential, having a commercial unit with a rental potential of £5000 per year and a very large well appointed three bedroom home with a rental value of around £9000 per year, a total of £14,000.
There is also an option to title split to maximise the re sale potential making this a very interesting investment property, for those with big ambitions the commercial unit could be converted to become a residential property subject to obtaining any necessary consents.
Externally an enclosed courtyard offers parking and there is a storage unit with potential for letting or possible accommodation conversion ( As storage £1200 per year estimated) for even more income from this one combined purchase. Perfect for operating your own business whilst living on site , the possibilities are many and varied and buyers are urged to consider the phenomenal yield possible with the safety of multiple revenue streams and future proofed resale values, located just over 12km to Newcastle International Airport and 7km to the Metro Centre, train station , other High Street amenities including bus routes and road links to nearby Newcastle city centre.


SHOP PREMESIS

Shop Unit
4.67m x 3.91m

Rear Commercial Kitchen
4.4m x 3.67m

HOUSE -

Lounge
5.64m x 3.88m

Dining Room
4.85m x 3.9m

Kitchen
4.6m x 2.58m

Ground Floor Bathroom

Utility Room
3.5m x 1.68m

Store Room One
3.55m x 3.53m

Store Room Two
3.7m x 3.6m

First Floor Landing

Bedroom One
4.3m x 4.1m

Bedroom Two
3.5m x 2.7m

Bedroom Three
3.3m x 2.1m

Large Bathroom

••OUTBUILDING - Substantial two floor outbuilding to the rear with potential••

Tenure
Freehold

Tenure: Freehold

EPC Rating: D

Administration Fee: £2400 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.