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198-200 High St E 1,950 SF 100% Leased Retail Building Wallsend NE28 7RP $375,738 ($192.69/SF)
INVESTMENT HIGHLIGHTS
- Three Storey Property
- Ground Floor Cafe
- Freehold Title
- Investment Opportunity
- First & Second Floor Offices
EXECUTIVE SUMMARY
Three storey commercial property for sale. To the first floor are four good sized offices, a large meeting room, kitchen and w/c and access to the rear court yard. To the second floor are three more good sized offices, separate men's and women's bathrooms and stores. The ground floor comprises of the cafe with W.C facilities. We are advised the cafe is tenanted at £9,000 per annum and 2x offices tenanted at £6,000 per annum, making the current income £15,000. The property can generate in the excess of £27,000 per annum once fully tenanted and would make an ideal investment opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
1,950 SF
Building Class
B
Year Built
1930
Price
$375,738
Price Per SF
$192.69
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.12
Lot Size
0.04 AC
Frontage
25’ on High Street East
AMENITIES
- Corner Lot
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NEARBY MAJOR RETAILERS
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198-200 High St E
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