Location
This investment is located on Ashburton Road which is a pleasant residential street just off Salters Road 1.5 miles to the west of Gosforth town centre.
Ashburton Road contains a number of independent shops including a chiropodist, pharmacy, butcher and convenience store and this is a sought-after residential area with a broad range of private flats and houses.
Description
This investment opportunity comprises a single storey unit that interconnects through to the two-storey terraced property.
Accommodation
Gross Internal Areas as follows:
Ground Floor
Reception circa 180 sq.ft. (16 sq.m).
Studio 1 circa 260 sq.ft. (24 sq.m).
Studio 2 circa 269 sq.ft. (25 sq.m).
W.C.
First Floor
Studio 3 circa 290 sq.ft. (27 sq.m).
Office circa 135 sq.ft. (13 sq.m).
Kitchen
W.C.
External
Access to side lane.
Occupational Lease
The property is occupied by way of a 10 year FRI lease dated from 7th January 2020 at a current rent of £17,950 per annum. There is a rent review and break clause at the 5th anniversary. Interested parties should seek legal confirmation of this.
EPC
Rating - D & D.
Services
Water, electricity and sewerage are installed and the property is in good order throughout.
Rates:
The premises are assessed as follows:
RATEABLE VALUE £14,500 (from April 2023)
Viewing
Strictly by appointment with this office.
Tenure
We are informed that the premises are Freehold. Interested parties should seek legal confirmation of this.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income