RETAIL INVESTMENT - ASHINGTON
Let to Ramsdens Financial Ltd
Creditsafe rating 96A.
Well located and well let retail investment close to Barclays and Lloyds Bank, Newcastle Building
Society and Superdrug.
New 10 year lease (break at year 5)
£115,000
Ideal for pension fund/ SIPP purchase
LOCATION
The property is located in Ashington, which is a former mining town located approximately 18 miles north of Newcastle upon Tyne. The town benefits from good transport links providing direct access to the A189 Spine Road and is also situated approximately 6 miles to the east of the A1.
The property occupies a prominent position on Station Road which is Ashington's main retail thoroughfare. Newlook and EE occupy units immediately adjacent whilst Lloyds and Superdrug are located opposite the property. Other retailers in the immediate vicinity include Barclays, Subway, Greggs, Poundland and Heron Foods.
DESCRIPTION
The property comprises ground floor retail which has been fitted out by Ramsdens in their high standard shop fit.
The first floor, which is accessed from the rear and benefits from two onsite parking spaces, comprises a large open plan room with separate kitchen and w/c, suitable for office or residential use (subject to planning).
The upper floor, which is suitable for residential conversion into a 2 bedroom flat is also available at a total price of offers in excess of £125,000.
Listed Features
- General Retail
- Multiple floors
- Kitchen
- Open Plan
- Office
- Use Class - A1
- Parking
