Background
This is an investment opportunity comprising two separate commercial elements with a pair of modern two bedroom flats above. The property has frontage onto Station Road which is the main road running through this suburb to the north east of Newcastle.
The property forms part of a small commercial terrace within a predominantly residential area within easy walking distance of the main shopping area and the Metro station.
Description
A two-storey semi-detached property of rendered brick construction with a flat roof which was new in 2016 and has a 10 year guarantee.
79 Station Road
A ground and part upper floor space with yard occupied by Funeral Services Limited, part of the Co-op Group.
Rateable Value £11,250
81 Station Road
A ground floor unit with yard occupied by CVS (UK) Limited.
Rateable Value £8,200
Residential Accommodation
There is a secure communal access from the street which leads up to a corridor with doors off to each flat.
83 Station Road
Comprises a modern 2 bed flat. Unfurnished apart from landlord’s white goods.
83a Station Road
Comprises a modern 2 bed flat. This flat is fully furnished.
External
Garage Forms part of the lease to #83.
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.
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