Albert Road, Jarrow – Mixed Use Investment Opportunity

  • £100,000
Albert Road, Jarrow, South Tyneside, Tyne and Wear, England, NE32 5HW, United Kingdom
For Sale New
Albert Road, Jarrow – Mixed Use Investment Opportunity
Albert Road, Jarrow, South Tyneside, Tyne and Wear, England, NE32 5HW, United Kingdom
  • £100,000

Description

Investment Opportunity: Freehold Commercial Property with Residential Flat in Jarrow

Overview
A unique opportunity to acquire a freehold property in a highly sought-after area of Jarrow. This property comprises a commercial unit on the ground floor, currently let to a well-established business, and a spacious two-bedroom flat on the upper floor, generating steady rental income from long-term tenants.

For Investors
This property is an attractive investment due to its combination of stable rental income and its position within a busy area of Jarrow. The ground-floor commercial unit is let to a local business at a rate of £238.33PCM. The flat on the upper floor is let under an (AST) to a long-term tenant, currently generating a rental income of £475 per calendar month (PCM). There is scope for a rent review on both the shop and flat.

Jarrow has seen positive rental growth trends in recent years, making this mixed-use property a solid investment.

Key Details
Council Tax Band for flat: Band A (estimated annual cost: £1,465)
Tenure: Freehold

  • Address Albert Road
  • City Jarrow
  • County South Tyneside
  • Postal Code NE32 5RS
  • Area Jarrow
  • Country United Kingdom

Details

Updated on October 13, 2024 at 11:37 am
  • Property ID: ARJ
  • Price: £100,000
  • Bedrooms: 2
  • Rooms: 2
  • Bathroom: 1
  • Property Type: House, Upper Floor Flat
  • Property Status: For Sale

Overview

Property ID: ARJ
  • House, Upper Floor Flat
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom

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Jack Barnett

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IMPORTANT NOTICE In accordance with the Property Misdescriptions Act (1991) we have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain exclusive to 10Homes Ltd.

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Jack Barnett
  • Jack Barnett