Location
The property is located on one of the main roads leading into Whitley Bay town centre from the south and west. Located approximately 8 miles due east of Newcastle City centre, Whitley Bay is a popular and sought-after residential town on the Coast.
The town has excellent transport links and the A1058 and A19 Trunk Roads make the town easy to access from throughout the region. 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 double fronted ground floor two storey mid-terraced unit which forms part of a larger terrace. The retail unit occupies the whole of the ground floor and the maisonette has a separate entrance and sits over the top of the whole retail unit.
Property
Comprising;
Shop Unit - 3 Marden Road
Ground Floor
Retail Unit circa 167 sq.m. (1,800 sq.ft.)
Toilets
Maisonette - 2 Marden Road
First Floor
Lounge 5.8m x 4.6m
Dining Room 4.8m x 4.4m
Kitchen 7.1m x 4.7m
Bedroom 4.5m x 3.3m
Bedroom 4.2m x 3.8m
Family Bathroom
Second Floor
Utility Room 3.6m x 2.4m
Bedroom 3.3m x 2.6m
Master Bedroom 4.6m x 4.0m
En-suite Bathroom
External
Decking Area
EPC
Retail Unit - Rating D.
Flat - Rating TBC.
Services
Water, electricity and gas are installed to the shop. There is central heating and double glazing in flat.
Rates
Business Rateable Value £11,500 (April 2023).
Rates free incentives subject to status.
Council Tax Band A.
Occupational Lease
The flat is occupied on an AST with current rental income of £875 per calendar month.
The shop is currently vacant with an estimated rental value of circa £20,000 per annum.
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 with this office or through the joint agent Cooke & Co on 0191 251 0011.