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Investment Opportunity

Gosforth Offers over £435,000 Freehold REF: NE2032

Background

This is a portfolio of four properties with four separate addresses and tenants in all of the retail units.  The properties are located on Ashburton Road which is a busy link road running between Kenton Lane and Salters Lane.

The area is predominantly residential but this site forms part of an extremely popular shopping area that comprises independent traders including a hair salon, butcher and deli and all these local traders are supported by the ample free pull in street parking.

Description

The portfolio comprises;

2 Ashburton Road

A ground floor retail unit (21 sq.m.) occupied by a kitchen fitting and design business.

4 Ashburton Road

A ground floor retail unit (24 sq.m.) with space above and trading as a clothing repair business.

6 Ashburton Road

A ground floor retail unit (26 sq.m.) with space above trading as a clothing and fashion outlet. There is an external W.C. allocated.

2 Otterburn Avenue

An upper maisonette with potential for up to 3 bedrooms and which has recently had a new boiler and gas central heating system fitted together with new double glazing.  The kitchen and bathroom are in need of modernisation.

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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If you have something more specific in mind then please give us a call on 0191 487 8566, we're always happy to help.

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