This investment opportunity is located on the main road running through Monkseaton towards Whitley Bay town centre from the west. Monkseaton is a very popular suburb of Whitley Bay with a good mix of housing stock which is served by a busy linear shopping parade. The immediate area around the property comprises a mixture of residential accommodation and shops with the majority of the commercial occupiers on this strip being independent tenants. There is on street parking available. The property comprises a mid terraced two storey building with a pitched slate roof over. The ground floor is effectively three interconnected retail units with stores behind and the upper floor provides two separate flats with independent street access. There is also access to the retail units and the flat from the rear lane.
Accommodation - Comprising five separate elements:-
6 Cauldwell Lane - Retail Unit: circa 312 sq ft (29 sq m)
Offices: circa 215 sq ft (20 sq m)
Store 1: circa 500 sq ft (46 sq m)
Store 2: circa 155 sq ft (14 sq m)
WC
Additional Photo -
Additional Photo -
8 Cauldwell Lane - Separate two bedroom flat.
We believe this flat is currently let on an Assured Shorthold Tenancy, currently paying £431 per calendar month.
Floor Plan No.8 -
10 Cauldwell Lane - Retail Unit: circa 425 sq ft (40 sq m)
WC
12 Cauldwell Lane - Retail Unit: circa 560 sq ft (52 sq m)
Offices: circa 280 sq ft (26 sq m)
Stores: circa 450 sq ft (42 sq m)
WC
Additional Photo -
14 Cauldwell Lane - Separate two bedroom flat.
Floor Plan No.14 -
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Epc Ratings - 6, 10 and 12 Cauldwell Lane: EPC Rating - C
8 Cauldwell Lane: EPC Rating - D
14 Cauldwell Lane: EPC Rating - E
Services - There is one single supply of water, electricity and gas installed to the commercial element.
Business Rates - The premises are assessed as follows:
Rateable Value; £16,500
Tenure - We are informed that the property is held on a Freehold title. Interested parties should seek legal confirmation of the title.
"The contents of the property as portrayed by attached photographs are not specifically included as part of any sale." "As the sellers agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property, or issues relating to title or other legal issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.
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