246-248 High Street East & 4 Ash Grove, Wallsend Auction Guide Price £145,000+

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246-248 High Street East & 4 Ash Grove, Wallsend Auction Guide Price £145,000+

 

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246-248 High Street East & 4 Ash Grove, Wallsend

 

 

Excellent investment opportunity in the centre of Wallsend. Generating 10.1% yield on asking price. Rental income £14,640 per annum.
Tenanted ground floor off-licence (£9,600 per annum), tenanted 3 bed flat (£5,040 per annum) and vacant 2 bed maisonette. Yield will increase when fully let. Roof recently replaced. Total floor area 270 sq.m. (2,907 sq.ft.).
Auction Guide Price £145,000+
Ref G340

For Sale by Auction. Terms and Conditions apply, see www.agentspropertyauction.com.
Auction Date Monday TBC. Auction Gosforth Marriott Hotel. Registration from 6.30pm
“Each auction property is offered at a guide price and is also subject to a reserve price. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and reserve price can be subject to change up to and including the day of the auction.

 


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  • Area: 246-248 High Street East & 4 Ash Grove Wallsend Wallsend Tyne and Wear NE28 7RX Wallsend 
  • Price Range: £145,000 
  • Branch: North Tyneside 
  • Type: Commercial 
  • Commercial Property: Commercial Sales 
  • Type of Property: Investment 
  • Business Type: Investment 
  • main_advert: Excellent investment opportunity in the centre of Wallsend. Generating 10.1% yield on asking price. Rental income £14,640 per annum.

    Tenanted ground floor off-licence (£9,600 per annum), tenanted 3 bed flat (£5,040 per annum) and vacant 2 bed maisonette. Yield will increase when fully let. Roof recently replaced. Total floor area 270 sq.m. (2,907 sq.ft.).

    Auction Guide Price £145,000+

    Ref G340



    For Sale by Auction. Terms and Conditions apply, see www.agentspropertyauction.com.

    Auction Date Monday TBC. Auction Gosforth Marriott Hotel. Registration from 6.30pm

    "Each auction property is offered at a guide price and is also subject to a reserve price. The reserve price is the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and reserve price can be subject to change up to and including the day of the auction.