A rare opportunity to acquire a fully tenanted mixed-use investment comprising a substantial semi-detached sandstone building occupying a prominent corner position in the heart of Forest Hall. The property benefits from an attractive enclosed communal garden and provides a diverse income stream from a ground floor retail unit together with four self-contained one-bedroom residential flats. The accommodation extends to approximately 244 sq. m (2,625 sq. ft.) and currently generates a gross rental income of £28,020 per annum. Based on the guide price of £210,000, the property reflects an attractive gross yield of approximately 13.3%, offering investors a strong level of income return from day one. The property is fully occupied, with the exception of Flat 3, which was sold off on a 999-year long leasehold interest from 9th December 1994. The investment offers purchasers a well-balanced mix of commercial and residential income, underpinned by established occupiers and a proven rental history. Occupying a prominent position within a popular residential area, the property benefits from excellent access to local amenities, public transport connections and Newcastle city centre. The substantial sandstone building and generous communal garden further enhance its long-term appeal to both tenants and investors alike. The property is held Freehold, subject to the occupational leases and long leasehold interest detailed within the tenancy schedule, and presents an excellent opportunity to acquire a well-established mixed-use asset producing an immediate income together with future asset management and rental growth potential.

Yield
Total rental income: £28,020 per annum, reflecting an attractive yield of 13.3%

Property details provided by Rook Matthews Sayer
EPC rating: D,D,C,D,D
Council Tax Band: A,A,A,A,A
Tenure: Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 29 October 2026 OPTION 1

2a Forest Hall Rd
Ground Floor Retail Unit – commercial tenant- 49sq.m 527sq.ft – £7,800pa – 5-year term from 07/07/2025

1 Forest Villa
Ground Floor 1 Bed Flat – Private Residential tenant- 62sq.m 667sq.ft – £3,900pa – 12-month term from 01/05/2018 Section 13 Notice Effective 16 December

2 Forest Villa
First Floor 1 Bed Flat – Private Residential tenant – 50sq.m 538sq.ft – £6,300pa – 12-month term from 22/07/2022

3 Forest Villa
First Floor 1 Bed Flat – Flat sold on 999-year lease term, from 9th December 1994

4 Forest Villa
Second Floor 1 Bed Flat – Private Residential tenant – 41sq.m 441sq.ft – £5,520pa – 12-month term from 16/10/2024

5 Forest Villa
Second Floor 1 Bed Flat – Private Residential tenant – 42sq.m 452sq.ft – £4,500pa – 6-month term from 21/04/2021 Has been in occupation for circa 25 years

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by RMS. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee between £200 plus VAT (£240) and £400 plus VAT (£480) from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (very ow risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 9Mbps and the fastest package of 1800Mbps at this postcode: NE12 9AJ/NE12 9JN and mobile coverage is provided by EE (good), Three (good), 02 (good) and Vodaphone (good)