Modern three-storey mixed-use investment property. Fully let producing £36,100 per annum. Strong 9% yield with secure income stream. Ground floor occupied by established takeaway operator. First floor provides spacious three-bedroom flat. Second floor offers well-presented two-bedroom flat. Area benefiting from ongoing regeneration and investment. Short walk to Newcastle city centre amenities. EPC B/B/C.

Price £399,950 Freehold
Ref I456

Location
The property is located on Diana Street, within close proximity to Newcastle city centre and benefitting from excellent access to key amenities and transport links. The area is well positioned approximately 1.5 miles west of the city centre, providing convenient access to a wide range of retail, leisure, and employment opportunities. A notable feature of the location is its proximity to St James’ Park, home of Newcastle United, which is within easy reach and continues to act as a major driver of footfall and ongoing investment in the surrounding area.

The property also benefits from being situated opposite a significant new residential development, enhancing the immediate streetscape and contributing to increased local demand and regeneration. This continued investment is helping to strengthen the area’s appeal to both commercial occupiers and residential tenants. Excellent transport links are available nearby, with easy access to the A186 and A695, as well as regular bus routes providing direct connections into the city centre and beyond. Overall, the location offers a strong balance of accessibility, nearby amenities, and ongoing regeneration, making it well suited for mixed-use investment.

Investment Summary
An excellent opportunity to acquire a fully let freehold mixed-use investment comprising a ground floor commercial takeaway with two self-contained residential flats above, all situated within a well-established residential area of Newcastle upon Tyne.

Description
The property is a modern three-storey building of brick construction, providing a strong and low-maintenance asset with a diverse income stream. The ground floor is occupied by a well-established takeaway operator, with two residential units above comprising a three-bedroom first floor flat and a two-bedroom second floor flat. The commercial unit benefits from a prominent frontage and open-plan layout, suitable for hot food takeaway use, while the upper parts provide well-presented, spacious accommodation with modern kitchens, bathrooms, and good natural light throughout.

27a Diana Street
Ground floor takeaway
Rental income: £11,500 per annum
Lease: 06/10/2023 – 05/10/2038
Rent review every 5 years
Tenant: New Rea (NE) Limited (Chilli Padi Restaurant)

27b Diana Street
First floor 3 bedroom flat
Rental income: £15,600 per annum
Lease: 01/07/2025 – 29/06/2026
Tenant: 3 private tenants

27c Diana Street
Second floor 2 bedroom flat
Rental income: £9,000 per annum
Lease: 08/01/2026 – 07/06/2026
Tenant: 1 private tenant

Yield
Strong 9% yield with secure income stream.

Tenure
Freehold

Viewing Arrangements
Strictly by appointment through this office.

Rateable Value (27a Diana Street)
The 2026 Rating List entry is Rateable Value £10,000

Council Tax Band (27b/c Diana Street)
A/A