2a Forest Hall Road & Flats 1,2,4,5 Forest Villas, Forest Hall, Newcastle Upon Tyne

Fully tenanted mixed-use investment with established income. Four self-contained one-bedroom flats & retail unit. Attractive sandstone property with communal garden. Strong passing rent of £28,020 per annum. Attractive gross yield of approximately 13.3%. Net internal area 244 sq. m. (2,625 sq. ft.). Diverse tenants mix across retail and residential. Prominent corner position within popular Forest Hall location.

Auction Guide Price £210,000+
Ref I540

Live Auction on Thursday 29th October 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 occupies a prominent position on Forest Hall Road within the popular suburb of Forest Hall, approximately 4 miles north of Newcastle upon Tyne city centre. Forest Hall benefits from excellent road links via the A19 and A1(M), regular public transport services and nearby Metro connections. The property is surrounded by a range of local amenities, retailers and residential accommodation, making it a popular and well-connected location for both businesses and tenants.

Description
A rare opportunity to acquire a fully tenanted mixed-use investment comprising a substantial semi-detached sandstone building occupying a prominent corner position in the heart of Forest Hall. The property benefits from an attractive enclosed communal garden and provides a diverse income stream from a ground floor retail unit together with four self-contained one-bedroom residential flats.

The accommodation extends to approximately 244 sq. m (2,625 sq. ft.) and currently generates a gross rental income of £28,020 per annum. Based on the guide price of £210,000, the property reflects an attractive gross yield of approximately 13.3%, offering investors a strong level of income return from day one. The property is fully occupied, with the exception of Flat 3, which was sold off on a 999-year long leasehold interest from 9th December 1994.

The investment offers purchasers a well-balanced mix of commercial and residential income, underpinned by established occupiers and a proven rental history. Occupying a prominent position within a popular residential area, the property benefits from excellent access to local amenities, public transport connections and Newcastle city centre.

The substantial sandstone building and generous communal garden further enhance its long-term appeal to both tenants and investors alike. The property is held Freehold, subject to the occupational leases and long leasehold interest detailed within the tenancy schedule, and presents an excellent opportunity to acquire a well-established mixed-use asset producing an immediate income together with future asset management and rental growth potential.

Tenancy Schedule
2a Forest Hall Road
Ground Floor Retail Unit (Commercial) extending to approximately 49 sq. m (527 sq. ft.). Let at a passing rent of £7,800 per annum on a 5-year lease commencing 7 July 2025.

1 Forest Villa
Ground Floor 1 Bedroom Flat extending to approximately 62 sq. m (667 sq. ft.). Let at a passing rent of £3,900 per annum. Occupied under a 12-month tenancy from 1 May 2018, with a Section 13 Notice effective from 16 December.

2 Forest Villa
First Floor 1 Bedroom Flat extending to approximately 50 sq. m (538 sq. ft.). Let at a passing rent of £6,300 per annum. Occupied under a 12-month tenancy commencing 22 July 2022.

3 Forest Villa
First Floor 1 Bedroom Flat. This apartment was sold off on a 999-year lease from 9 December 1994 and does not form part of the current rental income.

4 Forest Villa
Second Floor 1 Bedroom Flat extending to approximately 41 sq. m (441 sq. ft.). Let at a passing rent of £5,520 per annum. Occupied under a 12-month tenancy commencing 16 October 2024.

5 Forest Villa
Second Floor 1 Bedroom Flat extending to approximately 42 sq. m (452 sq. ft.). Let at a passing rent of £4,500 per annum. Occupied under a 6-month tenancy commencing 21 April 2021. The tenant has been in occupation for approximately 25 years.

Accommodation Summary
The property provides a total floor area of approximately 244 sq. m (2,625 sq. ft.). The current passing income from the commercial unit and four residential flats totals £28,020 per annum, with one additional flat sold on a long leasehold interest.

Yield
Total rental income: £28,020 per annum, reflecting an attractive yield of 13.3%

Tenure
Freehold

Auction Guide Price
£210,000 +

Auction
Thursday 29^th October 2026 – Auction terms and conditions apply, see website agentspropertyauction.com (Option 1)

Viewing Arrangements
Strictly by appointment through this office.

EPC Ratings
DDDDE

Council Tax Bands
AAAA

Notice