No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Total Floor Area
£265,000
Added > 14 days

Property for sale

Unit 2, Blyth NE24
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Property
0 bed
0 bath

Property description & features

  • Tenure: Freehold
  • Investment Opportunity
  • Approx. 10% ROI
  • Central Location
  • 1512 sq/ft Total Floor Area
An attractive investment opportunity to purchase a commercial freehold property which comprises a high street shop with additional staff/ancillary and storage space to the first floor. Built in 1983, the shop has its own independent access. At the rear is a designated car park area with gated access. Currently tenanted for 26,500 per annum and therefore deriving around a 10 ROI at asking price.



Total Floor Area
The building has a total floor area of 140.46 sq/m or 1512 sq/ft.

Location
The property is located in Blyth, a town in Northumberland, located 13 miles northeast of Newcastle. The two-storey premises occupies a prominent corner plot with good pedestrian footfall, road and transport links.

Current Tenants
Unit 2 is let to William Hill Organisation Limited for 26,500vat per annum, paid monthly. Their lease runs for ten years from 02.06.2015.

Business rates
We understand that the rateable values for this property have been assessed as follows:
Unit 2 - 24,250
Interested parties may benefit from rates relief if applicable. Interested parties should carry out their own investigations.

Planning Use Class
The premises are available for any use within Class E of the Town & Country Planning (Use Classes) Order 2020. Interested parties should carry out their own due diligence in this regard.

EPC
An Energy Performance Asset Rating has been given of D-93. A certificate can be made available.


Legal Costs
Each party is to be responsible for their own legal costs incurred in the transaction.

Services
Mains electric, water and drainage.

Tenure
Freehold.

Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

Agents Notes
VAT is applicable in addition to the agreed sale price.

Property information from this agent

Places of interest

    Headed by award winning property expert Gareth Jones, A&G Land & Property Agents provides an exclusive one-to-one service for every client. Instead of focusing on volume, we are instead focused on quality of service, specialist advice and on delivering absolute success for our clients. This approach has already ensured tremendous sales results for a wide variety of properties throughout the North East, including the Tyne Valley and Newcastle. Gareth works directly on each sale, from start to completion, providing an unrivalled and truly bespoke service. This includes: All initial valuations Guidance on individual marketing Personally accompanying all prospective purchasers around the properties Negotiating each sale Liaising through the conveyance stage Smoothing out any snagging With over 20 years' experience in property, Gareth has extensive knowledge and expertise operating in both a buoyant and stagnant market. His agility, energy and insight has seen him win an impressive eight consecutive industry awards for excellence. Primarily, vendors are usually selling their largest asset. To maximise this asset value, it requires a professional expert, with experience and a proven record of success. Absolute success cannot be guaranteed by simply playing the numbers game and hanging your property 'out for sale' on one of the major website platforms. It requires a considered approach, taking account of all the subtleties, which can have a dramatic effect on the overall outcome. What A&G provide is direct expert-involvement at every stage of the sale process - and we do this to ensure each client 'absolute' success at all levels - which includes maximum achievable price, not just a sale.

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    *DISCLAIMER

    Property reference 0000060. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by A & G Land & Property Agents - Westerhope.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.