252 Chillingham Road, Heaton, Newcastle upon Tyne NE6 5LQ (Freehold Investment Property For Sale)
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We are pleased to offer to the market this freehold investment property that is located on the busy Chillingham Road shopping area. The property consists of a ground floor shop unit and first floor flat, both of which are let and currently provide a rental income of £23,600 per annum. The property has,in general, been maintained to a good standard and both units have separate entrances and separate enclosed rear yards. The first floor flat has gas fired central heating installed together with Upvc framed double glazing throughout. It is rare that such a property comes onto the open market and, with this in mind we anticipate a strong level of interest. An early internal inspection is highly recommended.
Property Features
- Freehold Investment Property For Sale
- Busy shopping area
- Well Let
Full Details
Ground floor
Aluminium framed double doors to
Front Shop
5.9m (frontage) x 10.2m (depth) (about 19'3" x 33'7") (about 640 square feet) aluminium framed shop front, suspended ceiling
Rear Stock Room with Kitchen area
6.3m x 3.3m x 2.7m x 2.6m (about 20'6" x 10'9" +8'9" x8'6" (about 295 square feet) stainless steel sink unit with mixer tap, splash tiling, Dimplex overhead heater, suspended ceiling
Office
2.7m x 2.4m (about 8'9" x 7'9") (about 65 square feet)
Washroom/w.c.
2.3m x 1.5m wash hand basin. Triton electric water heater, low level w.c. extractor fan
Outside
Small enclosed yard to rear
Existing Lease
The property is currently let to Oxfam on a 10 year full repairing and insuring lease from 15th November 2014. The rent passing is £17,000 per annum
First Floor Flat (Back 252 Chillingham Road
Stairs from private rear yard to
Terrace Area
Half glazed Upvc framed door to
Kitchen with Dining Area
Units and wall cupboard, stainless steel sink unit with mixer tap. Lamona built in oven, Zanussi 4 burner hob, extractor hood. Worcester wall mounted gas fired central heating boiler, splash tiling, double radiator. Upvc framed double glazed window, fluorescent lighting, step up to
Former Landing/Office area
5.1m x 1.9m (about 16'9" x 6'3") double radiator, laminate flooring, meter cupboard
Living Room
4.5m x 4.2m (about 14'9" x 13'9") attractive fireplace with cast iron surround and tiling inset, double radiator, Upvc framed double glazed window
Bedroom 1
4.7m x 3.9m (about 16'9" x 9'9") plus bay window, double radiator, cornice to ceiling, Upvc framed double glazed window
Bedroom 2
3.2m x 2.2m (about 10'6" x 7'3") radiator, Upvc framed double glazed window.
Inner lobby from kitchen to
Bathroom/w.c.
3.2m x 1.7m (about 10'6" x 5'6") panelled bath with mains run shower over, pedestal washbasin, low level w.c. double radiator, Upvc framed double glazed window, partly panelled walls.
Existing Tenancy
The flat is let on a periodic assured shorthold tenancy basis and the rent passing is £550 per calendar month
Rateable Value (Shop) £17,750
Council Tax (Flat) Band "A"
Awaiting EPC Rating (Shop
Energy Performance (Flat) Band "D"
Price : £300,000 or offers
Viewing : By appointment through Andrew Lawson Estate Agents
