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198-200 High St E 1,950 sq ft 100% Let Retail Property Wallsend NE28 7RP £280,000 (£143.59/sq ft)
Investment Highlights
- Three Storey Property
- Ground Floor Cafe
- Freehold Title
- Investment Opportunity
- First & Second Floor Offices
Executive Summary
Three storey commercial property for sale. To the first floor are four good sized offices, a large meeting room, kitchen and w/c and access to the rear court yard. To the second floor are three more good sized offices, separate men's and women's bathrooms and stores. The ground floor comprises of the cafe with W.C facilities. We are advised the cafe is tenanted at £9,000 per annum and 2x offices tenanted at £6,000 per annum, making the current income £15,000. The property can generate in the excess of £27,000 per annum once fully tenanted and would make an ideal investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
1,950 sq ft
Costar Property Class
B
Year Built
1930
Price
£280,000
Price per sq ft
£143.59
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
1.12
Total Plot Size
0.04 ac
Frontage
25 ft on High Street East
Amenities
- Corner Lot
1 1
Nearby Major Retailers
1 of 19
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Presented by
198-200 High St E
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