Guide price
£120,000
(£302/sq. ft)
Land for saleScrogg Road, Newcastle Upon Tyne NE6
398 sq. ft
Just added
Auction
Freehold
About this property
Well-proportioned commercial space with adaptable layout
WC and washbasin
Kitchenette with sink and worktop.
Newcastle upon Tyne Centre Location
Likely to attract enquiries from Serious Investors & Developers
Property Scheduled for Online Auction
This is a commercial space located in Newcastle upon Tyne with a tenant situated that is currently generating a steady, rewarding rental income for the current landlord.
For investors looking for a rewarding investment, this is a brilliant opportunity!
The property features a spacious working area, kitchenette with a worktop, and bathroom.
Investment details
The current gross annual rent agreed with the tenant is £11,400 and there are tenants in situ. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.
This is a perfect addition to any investment portfolio with great rental returns in a high demand area.
Auction Details
The seller is open to pre-auction offers. Unless a pre-auction offer is accepted, the sale of this property will take place on our next bi-weekly online auction (see dates on our website) and is being sold under the unconditional sale type with a standard 28 days completion.
Separate to a 10% deposit (£5,000 minimum) and our Buyers Premium there may be additional fees or conditions listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack before bidding.
Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Please call us or enquire for the full legal pack and property information on this listing.
For investors looking for a rewarding investment, this is a brilliant opportunity!
The property features a spacious working area, kitchenette with a worktop, and bathroom.
Investment details
The current gross annual rent agreed with the tenant is £11,400 and there are tenants in situ. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.
This is a perfect addition to any investment portfolio with great rental returns in a high demand area.
Auction Details
The seller is open to pre-auction offers. Unless a pre-auction offer is accepted, the sale of this property will take place on our next bi-weekly online auction (see dates on our website) and is being sold under the unconditional sale type with a standard 28 days completion.
Separate to a 10% deposit (£5,000 minimum) and our Buyers Premium there may be additional fees or conditions listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack before bidding.
Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Please call us or enquire for the full legal pack and property information on this listing.
Mortgage calculator
Monthly repayment
£600 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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