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Under offer

Retail Unit with Maisonette

Low Fell £285,000 Freehold REF: NE1640

Location

This detached property falls within the popular suburb of Low Fell which lies approximately 2 miles due south of Gateshead town centre. This is an area of predominantly private housing with good schools, amenities and infrastructure.

Business Opportunity

The property is laid out to provide a retail area plus a WC and 2 stores to the ground floor.

Until 2018 the shop was a busy off licence and convenience store and it is highly likely that it will return to this use as there is no immediate competition for this highly populated catchment area.

The last 2 years the shop was converted into a lighting retail shop but this could be stripped out to leave an empty unit to be repurposed for any potential business.  The Off Licence counter area is substantial and can be negotiated as part of the fixtures.

Subject to planning permission - the ground floor could possibly be redeveloped into another flat unit as the detached building is sandwiched between other residential properties.

Externally there is a yard with a workshop plus a separate garage in the rear lane to provide additional storage space.

Property:

Comprises a detached three storey property of traditional brick construction with a pitched slate roof over.

Retail Accommodation;

Ground Floor Retail Shop, No. 44 Kells Lane.

circa 65 sq.m. (700 sq.ft.).

Rear Store circa 6 sq.m. ( 65 sq.ft.).

Under Stair Store circa 3 sq.m. ( 32 sq.ft.).

W.C.

Modern Workshop/storage cabin in the backyard circa 8 sq.m. ( 90 sq.ft.).

Electric power and alarmed to the shop.

Single garage in the rear lane to provide additional storage.

Maisonette Apartment Accommodation:

No. 42 Kells Lane, this well maintained property was recently decorated throughout to a neutral pallet. It has separate street access from the retail shop and has stairs to the first floor landing.  

First Floor

Kitchen-Diner circa 22 sq.m. (240 sq.ft.).

Large open plan kitchen/diner with modern units and built in appliances including 7 hob, double oven cooker, large American fridge freezer, dishwasher and washing machine. Double patio doors lead out onto a large sun terrace.

Outside Sun terrace circa 28sq.m.(300sq.ft.)

Large enough to accommodate a dining table and sun loungers. This offers a much valued outside living space for family and pets.

Lounge circa 12 sq.m. (132 sq.ft.).

To the front of the apartment this lounge features a bay window and traditional fireplace.

Bedroom 3 circa 5 sq.m. ( 50 sq.ft.).

Single bedroom/office space

Second Floor

Master Bedroom 1 circa 17 sq.m. (180 sq.ft.).

Large spacious master bedroom with fitted wardrobes. Large enough to build an ensuite if required.

Bedroom 2 circa 11 sq.m. (120 sq.ft.).

Spacious double bedroom.

Bathroom

Spacious family bathroom with a modern white suite. Spa bath with shower over head.

Large landing with under stair storage cupboard which leads to the attic.

Attic Space circa 8 sq.m. ( 90 sq.ft.).

A further narrow staircase leads to a boarded out loft providing excellent and easily accessible storage space.

Rates

The premises are assessed as follows:

Rateable Value £3,150

Rates free incentives subject to status

Council Tax Band A

Services

The shop has roller shutters, CCTV and security alarms fitted.

Gas central heating and an alarm is installed to the flat.

Tenure

Freehold.

EPC

Shop - Rating C

Flat - Rating E

Viewings

Strictly by appointment with this office.

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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