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No longer on the market

This property is no longer on the market

Retail property (high street)

Retail property (high street)
1128
Added > 14 days

Features and description

  • Investment Opportunity
  • Current Rental Income £12,000 per annum
  • Potential Rental Income £18,500 per annum
  • Upper Floors Only
  • Long Leasehold 999 years remaining
  • VAT Applicable

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We are pleased to offer for sale the upper four floors which are situated within a five storey, mid terraced property, of traditional stone construction and is provided with a slate covered pitched main roof. The building is provided with a secure entrance.

The premises is on the first to fourth floors. The majority of the property is let to one tenant trading as a tattoo removal/aesthetics business however there is a small office which is currently vacant on the first floor. There are a number of on street, pay and display parking provisions and close by multi storey car parks that can be utilised by occupiers/tenants of the individual office premises. The subject property is provided with a reception/waiting area, kitchen, W.C. facilities and a number of individual treatment rooms.

Rooms

Location
The subject Premises is situated within Clayton Street, Newcastle upon Tyne, located within the main leisure district of the city centre. Clayton Street is an established retail street stretching from Grey's Monument south to Westgate Road. Clayton Street is an established shopping location within the city centre with a number of household retailers encouraging high levels of footfall and passing trade.

Accommodation
GROUND FLOOR Secure entrance Communal stairs to first floor FIRST FLOOR (office space) Reception/kitchen: 12.1sqm (130.8sqft) Stairs to second floor SECOND FLOOR Office one: 29.58sqm (314.7sqft) Office two: 6.0sqm, (64.5sqft) Stairs to third floor THIRD FLOOR Office three: 15.8sqm (163.4sqft) Office four: 13.5sqm (145.6sqft) Office five: 6.0m2, (64.5sqft) Male/female W.C. Hallway Stairs to four floor FOURTH FLOOR Office six: 28.6sqm (307.8sqft) NET INTERNAL AREA APROXIMATELY: 105.0sqm (1127.7sqft)

Rateable Value
The adopted rateable value is £5,000 as of 1st April 2017. Sourced from VOA.

EPC
Energy Performance Certificate: D

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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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