Your email has been sent.
Howdon Ln 376 SF Retail Condo Unit Offered at $176,257 in Wallsend NE28 0AL
Investment Highlights
- Retail unit producing £5,160 p.a.
- Adjacent to Howdon Road Metro Station
- EPC Ratings: D (Shop) and D (House)
- Refurbished 2/3-bedroom house with £9,600 p.a. ERV
- Busy link-road location in a residential area
- Large rear yard with brick-built outhouse
Executive Summary
This freehold mixed-use investment comprises a semi-detached two-storey brick-built property arranged as a tenanted retail unit and a separately accessed, fully refurbished 2/3-bedroom house. The retail element occupies the front of the ground floor, while the house spans the remainder of the ground floor and the entire first floor. The house has been redecorated throughout, with new carpets, a new kitchen, and a modern bathroom, and includes a kitchen, dining room/lounge, three bedrooms, and a family bathroom. Externally, the property offers a forecourt for the shop, parking to the front of the house, and a good-sized rear yard with a brick-built outhouse. Situated adjacent to Howdon Road Metro Station in a predominantly residential area, the location benefits from strong connectivity and steady local demand.
Property Facts
| Total Building Size | 600 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 300 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1951 |
| Building Class | B | Parking Ratio | 1.67/1,000 SF |
| Total Building Size | 600 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 300 SF |
| Year Built | 1951 |
| Parking Ratio | 1.67/1,000 SF |
1 Unit Available
Unit Retail
| Unit Size | 376 SF | Sale Type | Investment |
| Price | $176,257 | Tenure | Freehold |
| Price Per SF | $468.77 | Cap Rate | 3.97% |
| Condo Use | Retail | NOI | $6,996.04 |
| Unit Size | 376 SF |
| Price | $176,257 |
| Price Per SF | $468.77 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 3.97% |
| NOI | $6,996.04 |
Description
Retail Unit of 376 Sq Ft with an ongoing lease expiring in 2028.
Sale Notes
This opportunity comprises a freehold semi-detached property arranged as a self-contained retail unit and a separate refurbished 2/3-bedroom house. The shop is let on a 3-year lease from February 2025 at £5,160 per annum, providing immediate income. The adjoining house is vacant, newly refurbished with new carpets, kitchen, and bathroom, and carries an estimated rental value of £800 per month (£9,600 per annum). Located adjacent to Howdon Road Metro Station on a busy link road within a residential area, the property benefits from strong occupier demand. The investment offers both secure income from the retail tenancy and further upside potential through letting the residential element.
Presented by
Howdon Ln
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.