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For Sale by Auction on 21st November 2024, Freehold Retail Investment, 43 & 43a Station Road, Ashington, NE63 9UZ

4,671 Sq Ft / Retail / Investment

For Sale - £150,000.00

Available - Last updated: 31 October 2024

For Sale by Auction on 21st November 2024

An end of terrace single storey building of traditonal construction beneath a flat roof. The building is arranged as two retail units on the ground floor with ancillary storage at basement level. There is a loading area to the rear of the building as well as space for parking approximately five cars. The building may offer scope to add an addtional floor, subject to obtaining the necessary consents and Number 43a Station Road may offer potential to be split into two units, again subject to obtaining any necessary consents. Prospective purchasers are advised to make their own enquiries in this regard.

Location

Ashington is situated approximately 17 miles north of Newcastle upon Tyne and 5 miles east of Morpeth. The town can be accessed via the A189 and A197, which in turn link with the A19 and A1 respectively. Nearby Morpeth railway station provides regional rail services as well as regular services to Newcastle Central Station, which provides regular onward connections to Edinburgh and London Kings Cross. Additonally numerous bus routes serve the area and Newcastle International Airport lies approximately 201 miles to the south east of the town.

Station Road is the principle retail thoroughfare in the town centre with the property lying on its north side at the junction with John Street. The pitch is pedestrianised and benefits from a wide pavement following recent investment in the town centre. Other notable nearby occupiers include Coral, Boots, Greggs, Halifax, Heron Foods and Lloyds Bank.

Accommodation

43 Station Road

Ground Floor Retail - 75.90 sq m (817 sq ft)

Basement Ancillary - 66.98 sq m (721 sq ft)

Total - 142.88 sq m (1,538 sq ft)

43a Station Road

Ground Floor Retail - 161.09 sq m (1,734 sq ft)

Basement Ancillary - 129.97 sq m (1,399 sq ft)

Total - 291.06 sq m (3,133 sq ft)

TOTAL - 433.94 sq m (4,671 sq ft)

Terms

Tenure - Freehold

Guide Price - £150,000

Specification

  • Freehold retail investment
  • Currently let to British Heart Foundation and Shoezone (subject to break options)
  • Town centre pedestrianised location
  • Asset management opportunites
  • Potential to add an additional floor (subject to conents)
  • Producing £18,000 per annum (refer to tenancy schedule)

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £150,000.00 NA

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Agency Team

BidX1 Commercial

020 3151 9502

Simon Bailey

BidX1 Commercial

020 3151 9486

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