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3 Lesbury St 1,184 sq ft 100% Let Retail Property Wallsend NE28 0JX £120,000 (£101.35/sq ft) 4% Net Initial Yield
Investment Highlights
- Freehold mixed-use investment opportunity
- Prominent corner position with strong visibility
- A5 licence in place
- Two-bedroom flat sold with vacant possession
- Separate access for commercial and residential units
- Offered via secure online auction
Executive Summary
This is a mixed-use freehold investment opportunity comprising a ground floor café and a two-bedroom flat above, prominently positioned on the corner of Lesbury Street, Wallsend. The commercial unit is currently income-producing, while the residential flat is sold with vacant possession, offering asset management and income growth potential. The property benefits from strong visibility, separate access for commercial and residential elements, and proximity to local amenities and transport links.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,184 sq ft
Costar Property Class
C
Year Built
1900
Price
£120,000
Price per sq ft
£101.35
Yield
4%
NOI
£4,800
Occupancy Rate
100%
Number of Floors
2
Plot ratio
0.59
Total Plot Size
0.05 ac
Amenities
- Restaurant
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Nearby Major Retailers
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Videos
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Photos
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3 Lesbury St
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