Investment Properties for sale in Newcastle-upon-Tyne

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INVESTMENT FOR SALE IN TYNE AND WEAR

Newcastle-upon-Tyne, Tyne and Wear, England

  • Freehold Price: £299,950
  • Leasehold Price: £30,000
Seller Reference: NEY10
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Business Description
INVESTMENT FOR SALE IN TYNE AND WEAR
Seller Reference: NEY10
Request Details
Business Description
A VERY RARE FREEHOLD INVESTMENT IN TYNE AND WEAR

SHOPS LOCATED IN VERY SOUGHT AFTER LOCATION IN TYNE AND WEAR

HIGH DENSITY HOUSING WITH NO OTHER FISH CHIPS OR PIZZA SHOP NEARBY

THREE SHOP UNITS WITH VACANT 4 BEDROOM FLAT

SHOP 1 - CURRENTLY VACANT - IDEAL FOR OFF LICENCE

SHOP 2 - PIZZA TAKEAWAY - CURRENTLY LET AT £10,140 PA, 6 YEAR LEASE

SHOP 3 - DOG GROOMING - LET AT £3,240 PA, YEARLY LEASE

POTENTIAL TOTAL RENTAL £25,000 PA WHEN FULLY LET

GUIDE PRICE £299,950 FREEHOLD

ALTERNATIVELY WE ARE ADVISED BY LANDLORD THAT THE PIZZA TAKEAWAY COULD BE AVAILABLE FOR AN OWNER OCCUPIER WITH A PREMIUM OF £30,000 REQUIRED FOR THE BUSINESS

WE ADVISE POTENTIAL BUYER TO TAKE THERE LEGAL ADVISE AND UNDERTAKE DUE DILIGENCE BEFORE MAKING FORMAL OFFER TO PURCHASE

THREE OPTIONS TO PURCHASE

OPTION 1 - FREEHOLD AS AN INVESTMENT WITH GUIDE PRICE £299,950

OPTION 2 - FREEHOLD WITH BUSINESS AT GUIDE PRICE £299,950

OPTION 3 - LEASEHOLD WITH PIZZA BUSINESS WITH PREMUIM OF £30,000 AND RENTAL AT £18,200 PA, WITH FOUR BEDROOM FLAT INCLUDED.

WE ADVISE POTENTIAL BUYER TO TAKE THERE LEGAL ADVISE AND UNDERTAKE DUE DILIGENCE BEFORE MAKING FORMAL OFFER TO PURCHASE

A FULL EPC REPORT IS AVAILABLE TO VIEW ON REQUEST

EPC RATING - F

PLEASE NOTE THIS IS A HIGHLY CONFIDENTIAL SALE AND NO DIERECT APPROACH MUST BE MADE TO OWNERS OR STAFF, STAFF UNAWARE OF SALE. FOR FULL DETAILS AND VIEWING APPOINTMENTS PLEASE CONTACT SOLE SELLING AGENST NEY COMMERCIAL ON TEL -01642 762710 - MOBILE - 07850069203 OR EMAIL admin@neycommercial.co.uk QUOTE REF NEY 10 www.neycommercial.co.uk

MAP
Tenure:
Leasehold, Freehold
Listed by:
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