62, 62a and 62b Station Road, Ashington NE63 8RN (Investment property)
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Good opportunity to acquire a mixed-use freehold investment property occupying a good secondary position on the main thoroughfare of Ashington and within close proximity of the post office and underground car park. The property consists of two ground floor retail shop units and a good sized 2 bedroom flat to the first floor. All three units are let and the gross annual income is over £13,860 per annum which reflects a 9.9% return. The flat has gas fired central heating installed together with Upvc framed double glazing throughout.
Property Features
- Mixed use freehold investment
- Two Ground floor shops & flat
- Fully let reflects 9.9% return
Full Details
Investment opportunity
Front Shop 3.5m x 5.8m
(about 11'6" x 19'0")
Corridor with understair cupboard to
Treatment Room 1 3.3m x 3.3m
(about 10'9" x 10'9") recessed ceiling lighting
Treatment Room 2 4.1m x 3.2m
(about 13'6" x 10'6") recessed ceiling lighting
Treatment Room 3 3.1m x 3.1m
(about 10'3" x 10'3") recessed ceiling lighting
Use: Currently trading as an Aesthetics Academy
Rent: £5,580 per annum
Lease 5 years from 2023
Energy Performance Rating "E"
Rateable Value £5800
62a Station Road, Ashington (Ground Floor Shop 3.6m x 5.8m
(about 11'9" x 19'0")
Back Shop 3.7m x 2.4m
(about 12'3" x 7'9")
Store Room 5.9m x 1.1m
(aqbout 19'3" x 3'6"
Use Currently trading as an Afro Caribbean Food Store
Rent £3,900 per annum
Lease 3 years from 2023
Energy Performance Rating "D"
Rateable Value £3,150
Outside Shared yard to rear with toilet
62b Station Road, Ashington (1st. Floor Flat
External staircase to front door leading to
Living Room
Modern fitted Kitchen
2 Bedrooms
Large Shower Room/wc
Rent £4,380 per annum
Energy Performance Rating "D"
Council Tax Band "A"
Mains gas, water, electricity and drainage are connected
Price £140,000
Viewing: By appointment through Andrew Lawson Estate Agents
