Prime freehold retail investment. Three storey mid terrace property. Current rental income £21,392 per annum. Fully occupied by Subway & Totally Wicked. Net internal area 1,875 sq. ft. (174 sq. m.). Prime high street position next to Boots & Greggs. Excellent investment opportunity. Subway recently served a section 26, ref rent negotiation.

Auction Guide Price £150,000 +
Ref I380

Live Auction on Thursday 26th February 2026 – Option 1

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

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. 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 up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2,000+VAT (total £2,400)

Location
The property is centrally located on the main shopping parade within Ashington town centre. The property is surrounded by many national operators including EE, Superdrug, O2, Boots, Savers, Hays Travel, Greggs, Heron Foods and Lloyds bank to name a few. Ashington is a busy town in Northumberland circa 16 miles north of Newcastle upon Tyne and benefits from good transport links, providing direct access to the A189 and 6 miles to the east of the A1.

Description
We are pleased to present this mid-terrace, three-storey retail investment opportunity, prominently positioned and fully let to established occupiers. The property is divided into two self-contained units. Totally Wicked, an electronic cigarette retailer, occupies part of the ground floor at No. 11, extending to approximately 487.92 sq. ft. (45.3 sq. m.). The accommodation comprises a retail sales area, storage, kitchen, and WC facilities. The tenant also benefits from one allocated parking space to the rear of the property.

Subway occupies the remainder of the ground floor together with the entire first and second floors at No. 11a, providing a total floor area of approximately 1,388.53 sq. ft. (129 sq. m.). The ground floor includes a sales area, office, storage, and an external garage. The first floor provides a kitchen, preparation area, office, and WC facilities, while the second floor comprises two offices and additional storage space. This fully tenanted asset offers investors an income stream from well-recognised national brands within a well-configured, multi-level retail premises.

Rental Income & Tenant information
No.11a Subway: Ground Floor 521.29 sq. ft. / First Floor 447.24 sq. ft. / Second Floor 420.0 sq. ft.
Rental income: £11,000 per annum
Lease details: 10-year lease from 2013, The tenant is holding over, but has recently served a section 26 with a suggested rent of £5,500 per annum, our client has countered with a rent of £12,000 but awaits their response.   

No.11 Totally Wicked: Ground Floor 487.92 sq. ft. 
Rental income: £10,392 per annum
Lease details: A new 5 year lease was taken on 26^th January 2025, with no breaks. 

EPC Rating
D / Awaiting other

Tenure
Freehold

Auction
Live online auction, bidding starts Thursday 26^th February 2026, terms and conditions apply, see website agentspropertyauction.com

Auction Guide Price
£150,000 +

Viewing Arrangements
Strictly by appointment through this office.

Rateable Value (11 Station Road)
The 2026 Rating List entry is Rateable Value £7,900.     

Rateable Value (11a Station Road)
The 2026 Rating List entry is Rateable Value £7,600.