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Shop and 3 Flats at 11 Main Street... Mixed use for sale
Shop and 3 Flats at 11 Main Street, Crawcrook, Ryton, Tyne and Wear NE40 4TX
£300,000
Shop and 3 Flats at 11 Main Street, Crawcrook, Ryton, Tyne and Wear NE40 4TX
£300,000
Our Summary
- Auction Date Commencing on Monday 29th September at 1pm and ending 24 hours later on Tuesday 30th September at 1pm with Auction House North EastPlease register to bid via our website - auctionhouse
- Auctioneer’s Note:This lot offers a ready-made investment opportunity with an established rental income stream
Description
This fully let mixed-use investment property in Crawcrook's Main Street is an excellent opportunity to acquire a strong rental income stream. The property comprises three self-contained flats and a ground floor retail unit, currently generating £2,770 per month or £33,240 per annum. The flats are let to sitting tenants, and the retail unit is let on a 10-year lease. The property is well-positioned close to local shops, amenities, and transport links, making it an attractive long-term investment. The property is being sold with a freehold tenure and an EPC rating available within the legal pack. Buyers are advised to consult the legal pack for full tenancy details and to note that an administration fee of £3,600 inc VAT and disbursements may be payable on exchange of contracts.