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1 Church Row 1,940 SF Retail Building Gateshead NE10 9SL $214,782 ($110.71/SF)



Investment Highlights
- Mixed Use Property
- Residential Location
- Great Transport Links
Executive Summary
This property provides an exciting opportunity for investors, business owners, or landlords looking for a property with flexible use and excellent income potential. The retail space has been recently advertised for let with a lease value of £10.8k per annum and the first floor flat is currently let on an AST to a very good tenant giving a combined gross yield in excess of 10% of the sale price. The landlord has decided instead of reletting the ground floor to sell and has all the relevant landlord certificates, electrical/gas test certificates etc. The property is available for sale via auction with Pattinsons.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,940 SF
Building Class
C
Year Built
1960
Price
$214,782
Price Per SF
$110.71
Tenancy
Single
Building Height
2 Stories
Building FAR
1.60
Lot Size
0.03 AC
Frontage
31’ on Church Row
Amenities
- Corner Lot
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ocean Beauty
- -
- 1,940 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ocean Beauty | - | 1,940 SF | - | - |
1 1
Nearby Major Retailers
1 of 18
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1 Church Row
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