Location
The property is located in High West Jesmond which is one of the most sought-after residential areas of Newcastle. This suburb is home to a broad range of residents that include students, young professionals and families.
Access is straightforward via the Great North Road and there is also an efficient Metro system which links the town to Newcastle City centre and which also runs out to the airport.
Description
The property comprises a single fronted three storey mid-terraced unit which forms part of a larger terrace. The retail unit occupies the ground floor and basement and the house has a spacious ground floor kitchen / diner with bedrooms and a family bathroom on the first floor. Access is from the street and there is a pleasant lobby entrance.
Property
8 Newlands Road
Ground Floor
Hair Salon circa 35 sq.m. (375 sq.ft.)
Lower Ground Floor
Salons and Staff Area circa 33 sq.m. (360 sq.ft.)
W.C.
6 Newlands Road
Ground Floor
Kitchen Diner 5.3m x 3.9m
First Floor
Lounge / Bedroom 4 3.5m x 4.6m
Bedroom 1 2.7m x 3.5m
Bedroom 2 3.9m x 4.2m
Bedroom 3 2.6m x 3.2m
Family Bathroom
External
Enclosed Yard Area
EPC
8 Newlands Road Retail Unit - Rating B.
6 Newlands Road Flat - Rating D
Services
Water and electricity is installed to the shop. There is also gas central heating and double glazing in the flat.
Rates
Business Rateable Value £6,500 (April 2023).
Rates free incentives subject to status.
House is Council Tax Band C.
Occupational Lease
6 Newlands Road;
The flat is occupied on an AST expiring in August 2025 with current rental income of £1,100 per month.
8 Newlands Road;
The shop is occupied on a 10 year lease from September 2019 at a rent of £11,400 per annum. There are rent reviews every 3rd anniversary.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations, the Purchaser will be required to provide two forms of identification and proof of the income source.
Viewing
By appointment only via this office.
