Property for sale

Unit 2, Blyth NE24

0191 490 6101

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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.

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A & G Land & Property Agents - Westerhope

Anderson House, Crispin Court, Newbiggin Lane Westerhope, Newcastle upon Tyne NE5 1BF

0191 490 6101

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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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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.

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Broadband availability and predicted speed

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Ultra-fast: Over 300 Mbit/s

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Mobile phone signal availability and predicted strength

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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

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