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Parsons Dr 624 - 2,023 SF Retail Condo Units Offered at $147,126 - $267,501 Per Unit in Ryton NE40 3RA
INVESTMENT HIGHLIGHTS
- The area is well connected to the surrounds via the A695, and the B6317
- There is a good provision of nearby parking
- Nearby traders include Boots Pharmacy, Betfred, Coffee Johnnys and Sainsburys Local
EXECUTIVE SUMMARY
The property comprises a brick built single storey, semi-detached ground floor shop with a pitched and tiled roof. Ryton is a semi-rural suburb in Tyne and Wear, just south of the River Tyne, roughly 6 miles west of Newcastle upon Tyne. The area is well connected to the surrounds via the A695, and the B6317. The A1 is also nearby, and Newcastle International Airport is approximately 8 miles to the north. The property is located on Parsons Drive, just off the B6317, the main road through Ryton, close to Co-Op Food. Nearby traders include Boots Pharmacy, Betfred, Coffee Johnnys and Sainsburys Local.
DATA ROOM Click Here to Access
PROPERTY FACTS Sale Pending
| Total Building Size | 2,647 SF | Floors | 1 |
| Property Type | Retail | Typical Floor Size | 2,647 SF |
| Property Subtype | Storefront | Year Built | 1990 |
| Building Class | B | Lot Size | 0.08 AC |
| Total Building Size | 2,647 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 2,647 SF |
| Year Built | 1990 |
| Lot Size | 0.08 AC |
AMENITIES
- Energy Performance Rating - C
- Storage Space
2 UNITS AVAILABLE
Unit 1
| Unit Size | 624 SF | Condo Use | Retail |
| Price | $147,126 | Sale Type | Owner User |
| Price Per SF | $235.78 | Tenure | Freehold |
| Unit Size | 624 SF |
| Price | $147,126 |
| Price Per SF | $235.78 |
| Condo Use | Retail |
| Sale Type | Owner User |
| Tenure | Freehold |
DESCRIPTION
The property provides a net internal floor area of 59.61 sq m (624 sq ft).
The shop was formerly an opticians, and the current fit-out reflects this. The
space offers a main retail area, with a separate smaller room, Kitchen, and WC.
The property is fitted to a modern standard with carpeted floors, gas fired panel radiators, and a mix of fluorescent and LED lighting throughout. There is a good
provision of nearby parking.
SALE NOTES
The property is available for sale on a freehold basis.
Offers in the region of £110,000 are invited for the freehold interest.
Unit 2
| Unit Size | 2,023 SF | Condo Use | Retail |
| Price | $267,501 | Sale Type | Owner User |
| Price Per SF | $132.23 | Tenure | Freehold |
| Unit Size | 2,023 SF |
| Price | $267,501 |
| Price Per SF | $132.23 |
| Condo Use | Retail |
| Sale Type | Owner User |
| Tenure | Freehold |
DESCRIPTION
The property provides a net internal floor area of 187.97 sq m (2,023 sq ft).
The property was formerly in use as a restaurant. There is a main seating/ service area with bar/counter, as well as kitchen, WC’s and ancillary storage space.
Internally, the property is in a state of disrepair and will require some repair as part of a shop fit, including renewal of services. There is a good provision of nearby parking.
SALE NOTES
The property is available for sale on a freehold basis.
Offers in the region of £200,000 are invited for the freehold interest.
NEARBY MAJOR RETAILERS
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Parsons Dr
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