T: 0191 487 8566

Menu
Sold

Investment Opportunity

Gosforth £185,000 Freehold REF: NE1731

Location

This investment is located on Ashfield Road which is a pleasant residential street just off Ashburton Road 1.5 miles to the west of Gosforth town centre.

Ashburton Road has a number of independent shops including a pharmacy, butcher’s and convenience store and this is a popular residential area with a broad range of private flats and houses. There are high levels of captive trade to support the current business and a hot food takeaway has traded from this site for over 30 years.

Description

This investment opportunity comprises a two-storey terraced property with a ground floor Chinese Takeaway and a separate flat above.

Accommodation

Gross Internal Areas as follows:

Ground Floor

Service Area                circa 240 sq.ft. (22 sq.m).

Kitchen                        circa 350 sq.ft. (33 sq.m).

Stores                          circa   75 sq.ft. (  7 sq.m).

First Floor Flat             with separate access

Lounge

Kitchen

Bedroom 1

Bedroom 2

Bedroom 3 / Office

Bathroom

External

Yard

Outhouse

Occupational Lease

The property is occupied by way of a 15 year FRI lease dated from 1st August 2011 at a current rent of £12,000 per annum. There is an outstanding rent review from 2020 and no break clauses. Interested parties should seek legal confirmation of this.

EPC

Rating – D

Services

Water, gas, electric and sewerage are installed and the property is in good order throughout. 

Rates:

The premises are assessed as follows:

RATEABLE VALUE    £2,900

Rates free incentives are available subject to status.

Council Tax Band A for the flat above. 

Viewing

Strictly by appointment with this office.

Tenure

We are verbally 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.

 

 

 

 

 

 

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

Commercial Property For Sale

Find an Investments property

Use this field to find results from a specific location or a particular property type
+ Show advanced search options