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Ovington, Prudhoe, Northd 1,030 SF 100% Leased Retail Building Prudhoe NE42 6DH $467,140 ($453.53/SF)



INVESTMENT HIGHLIGHTS
- Outdoor seating
- 10 minutes from Prudhoe station
- Located centrally in Ovington
EXECUTIVE SUMMARY
Pattinson are pleased to welcome to the market this restaurant and 1 bedroom apartment, located in Ovington, Northumberland. The restaurant has been refurbished to a high standard, but retains a lot of original features. The restaurant comprises an entrance vestibule, bar seating area, bar, dining room, mezzanine level currently being used to showcase antiques, a cellar and a commercial kitchen. To the rear of the property, is a secure yard, with a shed containing additional fridges. To the front, there is an outdoor seating area, with retractable awning. There is off-road parking available to the rear of the restaurant, and access to on-street parking in the streets surrounding the restaurant.
The apartment can be accessed via a private entrance on the side of the building. This opens to an entrance hall and stairwell to the first floor. At the top of the stairwell, there is a utility cupboard, which currently houses the washing machine and dryer. When you enter the property, you have doors to the bathroom and the double bedroom, a spiral staircase to the second floor, and access to the open plan living room, kitchen/diner. From the kitchen/diner, you have access to a sun terrace through a secure French door. The second floor offers a storage space currently, but there is potential to extend the room, subject to relevant planning permission being sought. The freehold is being sold alongside the property.
The apartment can be accessed via a private entrance on the side of the building. This opens to an entrance hall and stairwell to the first floor. At the top of the stairwell, there is a utility cupboard, which currently houses the washing machine and dryer. When you enter the property, you have doors to the bathroom and the double bedroom, a spiral staircase to the second floor, and access to the open plan living room, kitchen/diner. From the kitchen/diner, you have access to a sun terrace through a secure French door. The second floor offers a storage space currently, but there is potential to extend the room, subject to relevant planning permission being sought. The freehold is being sold alongside the property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,030 SF
Building Class
B
Year Built
1920
Price
$467,140
Price Per SF
$453.53
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.16 AC
Frontage
34’ on Jubilee Road
AMENITIES
- 24 Hour Access
- Courtyard
- Restaurant
- Security System
- Signage
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Ovington, Prudhoe, Northd
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