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Under offer

Investment Opportunity

Dunston Offers over £295,000 Freehold REF: NE1724

Background

This is a portfolio of three commercial properties, one of which includes a residential flat above.  The properties are located at the junction of King George Avenue with The Crescent and Ellison Road.

The area is predominantly residential but this site forms part of a busy commercial parade that includes a selection of independent traders plus a Co-op store. There is free pull in parking nearby.

Description

A two-storey terrace of three ground floor shops with a flat over. The flat forms part of the lease for the Chinese Takeaway and the property had a new roof fitted in 2021.

2 & 2a King George Avenue - £9,125 pa

A ground floor Chinese Takeaway with a flat over.

4 King George Avenue - £7,000 pa

A ground floor convenience store.

6 King George Avenue - £6,000 pa

A ground floor clothing alterations service.

Terms

The parade is available for freehold offers in excess of £295,000.

Legal Costs

Each party to be responsible for their own legal costs in the transaction.

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.

 

 

If you'd like to know more about how we work, give us a call on 0191 487 8566, always happy to help.

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