4 bedroom terraced house for sale

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4 bedroom terraced house for sale

Ramsay Street, High Spen, Rowlands Gill
£200,000

Our Summary

  • Jan Mitchell Properties are delighted to offer for sale this multiuse commercial property that offers an attractive current return with masses of potential for further development, located in the popular picturesque village of High Spen between Rowlands Gill & Ryton
  • 4 Units currently let at £1,816pcm4 Vacant units previously let for £1,600pcmTotal potential annual income £40,992Viewings come highly recommended to appreciate the size and potential on offer first hand

Description

Jan Mitchell Properties presents a unique commercial property in the picturesque village of High Spen, offering a current return with vast potential for further development. The property comprises two occupied retail units, a successful café, and a vacant warehouse space on the ground floor, as well as four office/studio spaces on the first floor. The property benefits from double glazing and a modern oil boiler, and is currently generating a total potential annual income of £40,992. The village of High Spen offers a range of local amenities, including a primary school, convenience store, and several pubs, with further amenities available in nearby Rowlands Gill and Gateshead. The property is a rare opportunity for investors and developers to capitalize on its potential, and viewings are highly recommended to appreciate its size and potential first-hand.
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