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Investment Opportunity

Monkseaton £595,000 Freehold REF: NE1633

Location

This investment opportunity is located on the main road running through Monkseaton towards Whitley Bay town centre from the west.  Monkseaton is a very popular suburb of Whitley Bay with a good mix of housing stock which is served by a busy linear shopping parade. 

The immediate area around the property comprises a mixture of residential accommodation and shops with the majority of the commercial occupiers on this strip being independent tenants.  There is on street parking.

Description

The property comprises a mid-terraced two storey building with a pitched slate roof over. The ground floor is effectively three interconnected retail units with stores behind and the upper floor provides two separate flats with independent street access.  There is also access to the retail units and the flat from the rear lane.

Accommodation

Comprising five separate elements;

6 Cauldwell Lane        

Retail Unit         circa 312 sq.ft. (29 sq.m.).

Offices             circa 215 sq.ft. (20 sq.m.).

Store 1             circa 500 sq.ft. (46 sq.m.).

Store 2             circa 155 sq.ft. (14 sq.m.).

W.C.

8 Cauldwell Lane

Separate 2 bed flat.

10 Cauldwell Lane

Retail Unit         circa 425 sq.ft. (40 sq.m.).

W.C.

12 Cauldwell Lane

Retail Unit         circa 560 sq.ft. (52 sq.m.).

Offices             circa 280 sq.ft. (26 sq.m.).

Stores              circa 450 sq.ft (42 sq.m.).

W.C.

14 Cauldwell Lane

Separate 2 bed flat.

EPC Ratings

Address                                                Rating

6, 10 & 12 Cauldwell Lane                      C

8 Cauldwell Lane                                   TBC

14 Cauldwell Lane                                 TBC

Services

There is one single supply of water, electricity and gas installed to the commercial element. 

Business Rates

The premises are assessed as follows:

Rateable Value              £16,500

Tenure

We are informed that the property is held on a Freehold title.  Interested parties should seek legal confirmation of the title.

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.

 

 

 

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