High Yielding Mixed Commercial & Residential Investment Offering Asset Management Opportunities, Birtley
12 & 14-17 , Talbot Terrace, Birtley, Gateshead, DH3 2PQ
Investment
3,228 Sq Ft
£550,000 for the Freehold
For Sale
Under Offer
Fergus Laird
Interested in this property?
Please contact me
fergus@naylorsgavinblack.co.uk 0191 232 7030Find out more
About the property
The property comprises a terrace of six units, the Post Office (number 13) has been sold off individually. William Hill occupy a prominent double unit end-terrace position.
The upper floors have recently been refurbished and offer two-bedroom accommodation with separate lounge and kitchen.
There is ample car parking to the rear of the property.
Key features
Good high street location
Close to Morrisons Supermarket
Private rear car park
Low tenant turnover
Anchored by William Hill Betting Shop who have been in this location for many years
High yielding
Asset management opportunities
Four newly refurbished two-bedroom flats
Location
Birtley is a small dormitory town serving Newcastle and Gateshead, close to the A1(M) therefore benefitting from excellent links to the road network as well as Gateshead and Newcastle City Centre.
Newcastle is 7 miles to the north, Gateshead centre 4.5 miles to the north and Washington 3.5 miles to the east.
There is direct access to the A1(M) motorway.
The property is located on Talbot Terrace, on the main A167 that links Chester-le-Street and the south with the A1(M), Gateshead and Newcastle to the north.
Morrisons Supermarket is close by with other occupiers in the vicinity including Savers, Greggs and Card Factory.
Terms
The property is held by way of two title numbers TY49898 and TY495032.
The retail leases are all effectively full repairing and insuring by way of service charge although the current vendor has not implemented their right to charge the service charge during their ownership.
The residential accommodation is all held on ASTs.
