Commercial Property in NE63 available for sale
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Commercial Properties for Sale near the NE63, Ashington

Explore the Latest NE63 Commercial Property for Sale

More details for 7 Milburn Rd, Ashington - Retail for Sale

Hay Bingo - 7 Milburn Rd

Ashington, NE63 0HD

  • Retail for Sale
  • £280,000
  • 16,979 sq ft
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Commercial Properties for Sale Within 5 miles of the NE63, Ashington

More details for Bridge St, Blyth - Office for Sale

Richard Stannard House - Bridge St

Blyth, NE24 2AG

  • Office for Sale
  • £550,000
  • 12,551 sq ft
  • Suspended Ceilings
  • Kitchen

Blyth Office for Sale

The property is located on Bridge Street, Blyth, which is approximately 16 miles to the north east of Newcastle upon Tyne, 16 miles south of Morpeth and 9 miles to the south of Ashington. Blyth is accessible via the A189 trunk road and Richard Stannard House is located in the town centre accessed from Bridge Street. The property is within close proximity to local amenities with public car parking facilities located directly behind the property. Office Property For Sale - 1,116.03 SQ M (12,551 SQ FT) Richard Stannard House comprises a part two, part three storey framed building, with cavity brick elevations lying beneath a pitched roof with a tile covering. The windows are of timber frame single glazed construction, with stone cills and lintels, with the rainwater goods being of metal construction. The property is split to accommodate self-contained retail units to the ground floor, with office suites to the upper floors. Internally the property offers predominantly open plan office accommodation over ground and first floor levels. Ideally situated in the town centre providing ease of access to local amenities with public car parking facilities located directly behind the property Office accommodation provided over ground, first and second floor levels Suitable for residential conversion subject to planning Ground floor retail units currently income producing For Viewings & Further Information, Please Contact Our Agents: BNP Paribas Real Estate Newcastle Office Agency Support Team - Aidan Baker and Aleksander Roszczyniala

Contact:

BNP Paribas Real Estate UK

Date on Market:

07/06/2023

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FAQs about Commercial Properties For Sale in NE63

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How many Commercial Property listings are available for sale in NE63?
There are currently 4 Commercial Properties available for sale near NE63. These NE63 Commercial Property listings have an average size of. The largest available listing in NE63 is. The thriving commercial centre and excellent transport links in NE63 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in NE63?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in NE63 currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in NE63?
There is a diverse range of commercial properties available in NE63 to suit various business needs. NE63 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 4 NE63 commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the NE63, Ashington

You searched for commercial property for sale in NE63. Explore 4 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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