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Mixed Use Investment

Wallsend

£130,000 (Freehold)

REF: NE2201

Location

This investment property is located on Howdon Road which runs off Tynemouth Road towards Willington Quay. The property is adjacent to Howdon Road Metro station, on a busy link road and in a predominantly residential area. 

Description

The property comprises a semi-detached single two storey brick built and part rendered property which forms part of a larger residential estate. 

The self-contained retail unit occupies the front of the ground floor and the house occupies the remainder of the ground floor and all the first floor.  The house has independent access and has been redecorated and fully refurbished to include new carpets and a new kitchen and bathroom. 

The living accommodation comprises a kitchen and separate dining room/lounge on the ground floor with the bedrooms and a family bathroom on the first floor.

Externally there is a forecourt for the shop and parking to the front of the house.  To the rear there is a good

sized outdoor space and brick-built outhouse.

Accommodation

34 Howdon Lane - Shop

Ground Floor

Retail Unit                                circa 23 sq.m.  

Rear Shop                                circa 12 sq.m.  

W.C.

32 Howdon Lane - House

Ground Floor

Kitchen                                    2.8m x 2.5m

Dining Room / Lounge             3.7m x 4.3m

First Floor

Bedroom 1 / Lounge                4.6m x 4.6m

Bedroom 2                               4.6m x 3.7m

Bedroom 3                               3.0m x 2.8m

Family Bathroom        

External

Forecourt

Enclosed Yard Area & Outhouse

Services

Water and electricity are installed to the shop and the house also has gas heating and double glazing.

Rates

Business Rateable Value      £4,500 (April 2026).

Rates free incentives subject to status.

House is Council Tax Band A.

EPC

34 Howdon Lane           Retail Unit - Rating D.

32 Howdon Lane           House - Rating D

Occupational Lease

34 Howdon Lane;

The shop is occupied on a 3 year lease from February 2025 at a rent of £5,140 per annum.

32 Howdon Lane;

We are advised by a local letting agent that a rent of up to £800 per calendar month is achievable.

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.

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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