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198-200 High St E 1,950 sq ft 16% Let Retail Property Wallsend NE28 7RP £280,000 (£143.59/sq ft)

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INVESTMENT HIGHLIGHTS

  • Daytime Foot Traffic
  • First & Second Floor Offices
  • Ground Floor Cafe
  • Three Storey Property

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
16%
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

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 1,191 sq ft
  • Office
  • -
  • Now

We are pleased to bring to the rental market this modern and spacious office accommodation. Occupying over 2000sqft over two floors the property offers multiple private offices with a large meeting room and kitchen facilities. The space has recently been renovated to a high standard, with business grade broadband, CAT5 cabling and security alarms, the property would suit an expanding business or offer a new business space to grow into. Price: £13,200 PA. The property is accessed from street level on Lawson Street with stairs leading to a first floor landing. 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.

  • 2nd Floor
  • 445 sq ft
  • Office
  • -
  • Now

We are pleased to bring to the rental market this modern and spacious office accommodation. Occupying over 2000sqft over two floors the property offers multiple private offices with a large meeting room and kitchen facilities. The space has recently been renovated to a high standard, with business grade broadband, CAT5 cabling and security alarms, the property would suit an expanding business or offer a new business space to grow into. Price: £13,200 PA. The property is accessed from street level on Lawson Street with stairs leading to a first floor landing. 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.

Space Size Space Use Position Available
1st Floor 1,191 sq ft Office - Now
2nd Floor 445 sq ft Office - Now

1st Floor

Size
1,191 sq ft
Space Use
Office
Position
-
Available
Now

2nd Floor

Size
445 sq ft
Space Use
Office
Position
-
Available
Now

1st Floor

Size 1,191 sq ft
Space Use Office
Position -
Available Now

We are pleased to bring to the rental market this modern and spacious office accommodation. Occupying over 2000sqft over two floors the property offers multiple private offices with a large meeting room and kitchen facilities. The space has recently been renovated to a high standard, with business grade broadband, CAT5 cabling and security alarms, the property would suit an expanding business or offer a new business space to grow into. Price: £13,200 PA. The property is accessed from street level on Lawson Street with stairs leading to a first floor landing. 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.

2nd Floor

Size 445 sq ft
Space Use Office
Position -
Available Now

We are pleased to bring to the rental market this modern and spacious office accommodation. Occupying over 2000sqft over two floors the property offers multiple private offices with a large meeting room and kitchen facilities. The space has recently been renovated to a high standard, with business grade broadband, CAT5 cabling and security alarms, the property would suit an expanding business or offer a new business space to grow into. Price: £13,200 PA. The property is accessed from street level on Lawson Street with stairs leading to a first floor landing. 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.

NEARBY MAJOR RETAILERS

Costa Coffee
ASDA
Iceland
Barclays
Nisa
Lidl
Heron Foods
  • Listing ID: 32119255

  • Date on Market: 13/06/2024

  • Last Updated:

  • Address: 198-200 High St E, Wallsend NE28 7RP

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