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Our Summary
- Rare mixed-use investment opportunity
- Significant potential to increase rents to market levels
- # Portfolio Investment Opportunity | Apartments 1-5, Green Lane, Gateshead, Tyne and Wear, NE10 0QW Substantial Mixed-Use Investment Portfolio | 5 Industrial Units | 5 Residential Apartments | Storage Containers | Established Income with Strong Asset Management Potential An exceptional opportunity to acquire a substantial mixed-use investment portfolio occupying a prominent position on Green Lane, Gateshead
- The property is currently producing a strong rental income from a diverse range of long-standing commercial and residential tenants, with clear scope to increase rental returns
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Description
The property, located on Green Lane in Gateshead, is a substantial mixed-use investment portfolio comprising five industrial/commercial units, five self-contained residential apartments, income-producing storage containers, and generous on-site parking. The industrial units are currently occupied by local businesses, including a tyre shop, MOT centre, and engineering company, with a combined annual income of £14,990. The residential element consists of five apartments offering one, two, and three-bedroom accommodation, with a total annual income of £6,100.
The property also includes storage containers generating an additional income of approximately £600 per annum.