Central Promenade,
Newcastle, BT33 0DJ
Mixed Use
Asking Price £299,950
Property Overview
Status
For Sale
Style
Mixed Use
Property Features
Energy Rating
Property Financials
Price
Asking Price £299,950
Property Engagement
Views Last 7 Days
238
Views Last 30 Days
709
Views All Time
4,502
An opportunity exists to purchase an investment/redevelopment opportunity comprising two ground floor shops and two first floor flats in a central location on Newcastle’s Central Promenade (Main Street) with fantastic views of Dundrum Bay.
Accommodation
INTERNAL
Ground Floor
The Joke Shop (1)
Retail Area 7.50m x 3.95m
Store 2.15m x 2.00m
WC
The Joke Shop (2)
Retail Area 7.50m x 3.55m
Store 3.47m x 2.66m
WC
Common Entrance Hallway
Lobby 1.41m x 2.67m
Hallway 1.46m x 6.38m (at longest)
Rear Hallway 1.10m x 2.58m (at widest)
First Floor
Flat (1)
Entrance Hallway 3.84m x 0.93m
Living Room 4.58m x 3.95m
Kitchen 3.92m (at widest) x 2.56m
Bedroom (1) 4.02m x 2.63m
Bedroom (2) 3.29m x 2.61m
Bathroom (3) 3.0m x 2.57m
Flat (2)
Entrance Lobby 1.00m x 0.96m
Living Room 4.65m (into Bay) x 3.84m
Kitchen 2.37m x 1.3m
Bedroom (1) 3.27m (at widest) x 3.53m
Bathroom 2.34m x 2.6m
EXTERNAL
A ‘right of way’ exists from the rear of the property onto Central Promenade.
Lease Details
Joke Shop (1) - Currently rented at £4,500 pa
Joke Shop (2) - Currently rented at £4,500 pa
(No formal leases in place)
43a Central Promenade (Flat 1) – Currently vacant – Likely rental value £4,200 pa
43b Central Promenade (Flat 2) - Currently vacant – Likely rental value £5,400 pa
Rating - Commercial
Joke Shop (1) 43 Central Promenade £4,200
Joke Shop (2) 45 Central Promenade £3,950
Commercial rate in £1 for 2024/25 = 0.5805
Rating – Residential
43a Central Promenade (Flat 1) £50,000
43b Central Promenade (Flat 2) £45,000
Residential rate in £1 for 2024/25 = 0.0097
Tenure
We are advised by our client that the property is freehold.
PLEASE NOTE: The property is shown shaded yellow on the plan in the slideshow and the right of way from the Point A to the rear onto Central Promenade is shaded green
These particulars do not constitute any part of an offer or contract. None of the statements contained in these particulars are to be relied on as statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The Vendor does not make or give and neither T.L Graham & Son nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property. Please note that we have not tested the services or systems in this property. Purchasers should make/commission their own inspections if they feel it is necessary. Photographs are reproduced for general information and it must not be inferred that any item is included for sale with the property.
(NB. All measurements are approximate)
Directions
Situated in a prime retail location on Newcastle’s seafront close to The Newcastle Centre.