A fantastic investment property, offering dual income generating potential, having a commercial unit with a rental potential of £5000 per year and a very large well appointed three bedroom home with a rental value of around £9000 per year, a total of £14,000. There is also an option to title split to maximise the re sale potential making this a very interesting investment property, for those with big ambitions the commercial unit could be converted to become a residential property subject to obtaining any necessary consents. Externally an enclosed courtyard offers parking and there is a storage unit with potential for letting or possible accommodation conversion ( As storage £1200 per year estimated) for even more income from this one combined purchase. Perfect for operating your own business whilst living on site , the possibilities are many and varied and buyers are urged to consider the phenomenal yield possible with the safety of multiple revenue streams and future proofed resale values, located just over 12km to Newcastle International Airport and 7km to the Metro Centre, train station , other High Street amenities including bus routes and road links to nearby Newcastle city centre. SHOP PREMESIS Shop Unit 4.67m x 3.91m Rear Commercial Kitchen 4.4m x 3.67m HOUSE - Lounge 5.64m x 3.88m Dining Room 4.85m x 3.9m Kitchen 4.6m x 2.58m Ground Floor Bathroom Utility Room 3.5m x 1.68m Store Room One 3.55m x 3.53m Store Room Two 3.7m x 3.6m First Floor Landing Bedroom One 4.3m x 4.1m Bedroom Two 3.5m x 2.7m Bedroom Three 3.3m x 2.1m Large Bathroom ••OUTBUILDING - Substantial two floor outbuilding to the rear with potential•• Tenure Freehold Tenure: FreeholdEPC Rating: D
Portrait Video Tour
False
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Additional Fees
Administration Charge - £2,400 inc vat payable upon the fall of the virtual gavel
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.