Property for sale

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Property for sale

Clifton Road, Cramlington
£89,950

Our Summary

  • Part investment opportunity

Description

The property is a two-storey mid-terraced retail premises located in Cramlington, a new town in south east Northumberland, approximately 7 miles north of Newcastle upon Tyne. The ground floor is occupied by a tanning business, rented at £7,200 per annum, while the first floor is vacant. The property is situated on Clifton Road, part of a parade of similar retail properties, and is approximately 1.1 miles east of Cramlington town centre. The property is subject to a long leasehold with 143 years remaining, and is charged with ground rent and service charge in half-year periods. The Energy Performance Certificate rating is *. The property offers a rare investment opportunity, with a potential for rental income and potential for redevelopment in the future.