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39

39-41 Ramsay Street, High Spen, Rowlands Gill, Tyne and Wear NE39 2EJ
£38,000

Our Summary

  • Auction Commencing on Monday 17th November at 1pm and ending 24 hours later on Tuesday 18th November at 1pm with Auction House North EastPlease register to bid via our website - auctionhouse
  • A fantastic investment property, offering dual income generating potential, having a commercial unit with a rental potential of £5000 per year and a very large well appointed three bedroom home with a rental value of around £9000 per year, a total of £14,000

Description

This property is an exceptional investment opportunity, offering dual income generating potential through a commercial unit with a rental potential of £5,000 per year and a large three-bedroom home with a rental value of around £9,000 per year, totaling £14,000. The property also has an option to title split, making it an attractive investment for those looking to maximize resale potential. Additionally, the commercial unit could be converted into a residential property, subject to obtaining necessary consents, offering further potential for growth. The property also features an enclosed courtyard with parking and a storage unit, which could be let or converted into additional accommodation, providing even more income streams. With the potential for multiple revenue streams and future development upside, this property is an exciting opportunity for investors and entrepreneurs alike.