Retail premises for sale in Station Road, Ashington NE63

Location

This investment property is located within the main parade of shops in the heart of the town centre. Ashington is 15 miles north of Newcastle upon Tyne and was once the centre of the local coal mining industry. Road access to the town is excellent via the A189 Spine Road and there are currently plans underway to reintroduce the local rail service.

The railway line and main passenger station are at the western end of Station Road and work has already commenced with the redevelopment project.

Description

The premises form part of an extensive retail parade and comprise a two storey mid terraced building of traditional red brick construction with a pitched slate roof over.

Accommodation

The property has been measured in accordance with the RICS Code of Measuring Practice and has the following Gross Internal Areas;

Ground Floor
Sales Shop 575 . (53 sq.m.)
Offices / Stores 275 sq.ft. (25 sq.m.)
W.C.

First Floor with separate street access
4x Offices 600 sq.ft. (58 sq.m.)
Kitchen 110 sq.ft. (10 sq.m.)
W.C.

Occupational lease

37 Station Road - Occupied on a 7 year internal repairing and insuring lease dated from 31st May 2022. There is a tenant only break clause at the 3rd and 5th anniversaries. Rent reviews are upward only in line with rpi on the 3rd and 6th anniversaries. A copy of the lease is available for inspection.

37a Station Road - Currently vacant and requires some refurbishment works for continued commercial use or could be converted to residential use, subject to Planning consent.

Tenure

We are infirmed the property is freehold.

Price

Offers the region of £180,000 are invited.

Business rates

Ground floor shop Rateable Value: £8,100.
First Floor Rateable Value: £4,250.

The above figure should be verified with the Local Authority.

Energy performance rating

EPC Rating D