MapProperty for sale
Farringdon Road, Cullercoats
Property
1,250 sq ft / 116 sq m
Features and description
- Tenure: Leasehold (104 years remaining)
- Investment opportunity
- End Terraced single storey unit.
- Sought after location.
- Scope for rental growth.
INVESTMENT
The property comprise a single storey, end terrace retail unit for sale currently subject to a lease to Curves Ladies Gym until 2026.
The property forms part of a busy parade of retail units which benefit from a good level of passing trade.
Location - The property is located in Cullercoats which is a popular residential area lying between Whitley Bay and Tynemouth. The property forms part of a busy parade of retail units which benefit from a good level of passing trade.
Description - The property comprises a single storey accommodation with potential for a range of uses.
Currently occupied by Curves Gym until 2026 at £9,800 per annum inclusive of VAT.
Accomodation - The Net Internal Area (NIA) is as follows:
116sqm (1250sqft).
Services - We understand that Electric and water are connected to the property. (All interested parties should satisfy themselves with the local service providers).
Planning - We understand that the premises have planning permission for use as designated under class E of the Town and Country (Use Classes) Order 1987 (as amended)
Rating Liability - According to the Valuation Office Agency (VOA) website and the premises has a Rateable Value of £10,250.
Energy Performance Certificate - The EPC rating for the property is 101(E). A full copy of the report is available upon request.
Price - Our client is seeking £200,000 for the long leasehold interest.
Vat - All prices quoted are exclusive of VAT at the prevailing rate.
Money Laudering - In accordance with the Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.
Costs - Each party will be responsible for their costs in the transaction.
The property comprise a single storey, end terrace retail unit for sale currently subject to a lease to Curves Ladies Gym until 2026.
The property forms part of a busy parade of retail units which benefit from a good level of passing trade.
Location - The property is located in Cullercoats which is a popular residential area lying between Whitley Bay and Tynemouth. The property forms part of a busy parade of retail units which benefit from a good level of passing trade.
Description - The property comprises a single storey accommodation with potential for a range of uses.
Currently occupied by Curves Gym until 2026 at £9,800 per annum inclusive of VAT.
Accomodation - The Net Internal Area (NIA) is as follows:
116sqm (1250sqft).
Services - We understand that Electric and water are connected to the property. (All interested parties should satisfy themselves with the local service providers).
Planning - We understand that the premises have planning permission for use as designated under class E of the Town and Country (Use Classes) Order 1987 (as amended)
Rating Liability - According to the Valuation Office Agency (VOA) website and the premises has a Rateable Value of £10,250.
Energy Performance Certificate - The EPC rating for the property is 101(E). A full copy of the report is available upon request.
Price - Our client is seeking £200,000 for the long leasehold interest.
Vat - All prices quoted are exclusive of VAT at the prevailing rate.
Money Laudering - In accordance with the Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.
Costs - Each party will be responsible for their costs in the transaction.
Property information from this agent
About this agent
R.A Jackson & Son is a family-owned Estate Agency which has developed a reputation for personal service since 1830. Whether you are a first time buyer, trading up or down - we have the property for you. Our experienced and efficient staff will guide you through every aspect of moving home. Let us take the strain. If you are selling your home we will be pleased to add your property to our Internet database which is viewed weekly by thousands of people from all over the UK and abroad. This is a free of charge and an extremely effective service. Our office is open from Monday to Friday from 9am until 5pm and on Saturdays from 9am until Noon. Press the Contact Agent button or call the number displayed.