We are delighted to offer to the market this ground floor retail unit currently let to a barbers and garage/workshop also let. The property is end terrace and of red brick construction. The tenant of the barbers has an 18 month lease and has been in occupation for circa 6 months. The tenant of the garage has been in occupation for 1 year and has a 3 year lease.
Freehold mixed use investment.

Ground floor retail unit & garage/workshop. Rental income £9,000 per annum. 15 % yield on guide price. Barbers floor area 43.6 sq. m. (470 sq. ft.). Garage floor area 46.4 sq. m. (500 sq. ft.). Excellent investment opportunity. Prominent main road position.

Property details provided by Rook Matthews Sayer
EPC rating: Both D
Rateable Value (30 Gordon Terrace) : The 2023 Rating List entry is Rateable Value £4,000.
Tenure : Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 13 DECEMBER 2023

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 of £120 including Vat 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.