Terraced house for sale in Osborne Road, Jesmond, Newcastle Upon Tyne, Tyne & Wear NE2

Offers over £675,000
Interested in this property? Call +44 191 228 6204 * or Request Details

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Terraced house for sale - 8 bedrooms

8 8

Tenure:
Freehold
Council tax band:
Not yet known - A band has not yet been confirmed.

Property features

  • Investment Opportunity
  • Freehold Three Storey Building
  • £57,600 Annual Rental Income
  • 8.5% Gross Yield
  • Ground Floor Offices
  • Eight Separate Studio Apartments
  • Prominent Jesmond Location
  • Rear Yard With Multi Vehicle Parking
  • Further Potential

Property description

**Freehold Investment Opportunity – Ground Floor Offices & Eight Residential Studio Apartments**£57,600 Annual Rental Income / 8.5% Gross Yield** A rare opportunity to acquire an entire three storey nineteenth century terraced property, currently arranged as offices and eight separate studio apartments. The location is notable, occupying a prominent Osborne Road frontage, centrally positioned within reach of all Jesmond amenities.
Arranged over the entire ground floor, and currently let until August 2025 the offices exceed 1,100 square feet and include a 17ft Reception or Third Office, two further separate offices, a Kitchen, a Store Room and a Cloak Room / WC. With access from both the Communal Hallway and a private rear entrance the ground floor offices show potential for conversion to an apartment or studio flats, subject to obtaining any necessary consents. Occupying the first and second floors the eight studio apartments are let individually on Assured Shorthold Tenancies. An unconverted loft space (previously used for storage) indicates further potential, subject to obtaining any necessary consents. Externally there is a town front garden and a large rear yard providing multiple car parking spaces.

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For more information about this property, please contact
Pat Robson, NE2 on +44 191 228 6204 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pat Robson, and do not constitute property particulars. Please contact Pat Robson for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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