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Howdon Ln 376 sq ft Retail Unit Offered at £130,000 in Wallsend NE28 0AL
Investment Highlights
- Retail unit producing £5,160 p.a.
- Adjacent to Howdon Road Metro Station
- EPC Ratings: D (Shop) and D (House)
- Refurbished 2/3-bedroom house with £9,600 p.a. ERV
- Busy link-road location in a residential area
- Large rear yard with brick-built outhouse
Executive Summary
This freehold mixed-use investment comprises a semi-detached two-storey brick-built property arranged as a tenanted retail unit and a separately accessed, fully refurbished 2/3-bedroom house. The retail element occupies the front of the ground floor, while the house spans the remainder of the ground floor and the entire first floor. The house has been redecorated throughout, with new carpets, a new kitchen, and a modern bathroom, and includes a kitchen, dining room/lounge, three bedrooms, and a family bathroom. Externally, the property offers a forecourt for the shop, parking to the front of the house, and a good-sized rear yard with a brick-built outhouse. Situated adjacent to Howdon Road Metro Station in a predominantly residential area, the location benefits from strong connectivity and steady local demand.
Property Facts
| Total Property Size | 600 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 300 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1951 |
| Costar Property Class | B | Parking Allocation | 1.67/1,000 sq ft |
| Total Property Size | 600 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 300 sq ft |
| Year Built | 1951 |
| Parking Allocation | 1.67/1,000 sq ft |
1 Unit Available
Unit Retail
| Unit Size | 376 sq ft | Sale Type | Investment |
| Price | £130,000 | Tenure | Freehold |
| Price Per sq ft | £345.74 | Net Initial Yield | 3.97% |
| Unit Use | Retail | NOI | £5,160 |
| Unit Size | 376 sq ft |
| Price | £130,000 |
| Price Per sq ft | £345.74 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 3.97% |
| NOI | £5,160 |
Description
Retail Unit of 376 Sq Ft with an ongoing lease expiring in 2028.
Sale Notes
This opportunity comprises a freehold semi-detached property arranged as a self-contained retail unit and a separate refurbished 2/3-bedroom house. The shop is let on a 3-year lease from February 2025 at £5,160 per annum, providing immediate income. The adjoining house is vacant, newly refurbished with new carpets, kitchen, and bathroom, and carries an estimated rental value of £800 per month (£9,600 per annum). Located adjacent to Howdon Road Metro Station on a busy link road within a residential area, the property benefits from strong occupier demand. The investment offers both secure income from the retail tenancy and further upside potential through letting the residential element.
Presented by
Howdon Ln
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