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21-21A Victoria Ter 798 sq ft Retail Property Alnwick NE66 1RQ £240,000 (£300.75/sq ft) 8.50% Net Initial Yield
Investment Highlights
- Easy access to the A1
- Close proximity to Alnwick town centre
Executive Summary
An excellent opportunity to acquire a well-positioned mixed-use property in the heart of Alnwick, combining a former fish and chip shop with a spacious three-bedroom duplex apartment. Located opposite a Co-op and benefiting from strong passing trade and consistent footfall, the property is ideally suited for investors or owner-occupiers seeking both commercial and residential income streams. The property is available for sale via auction with Pattinsons
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
798 sq ft
Costar Property Class
C
Year Built
1963
Price
£240,000
Price per sq ft
£300.75
Yield
8.50%
NOI
£20,400
Tenancy
Single
Number of Floors
2
Plot ratio
0.80
Total Plot Size
0.02 ac
Parking
1 Spaces (2.75 Spaces per 1,000 sq ft Leased)
Frontage
16 ft on Victoria Terrace
Amenities
- 24 Hour Access
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Nearby Major Retailers
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21-21A Victoria Ter
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