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Freehold Mixed Use Investment, 4 Albion Road & 14 Upper Norfolk Road, North Shields, NE30 2RJ
1,432 Sq Ft / Leisure / Class E - incl Office Retail Healthcare
Withdrawn - Last updated: 04 December 2023
This investment property includes 4 Albion Road which comprises 1x1bed flat + 1x ground floor café as well as 14 Upper Norfolk Road which is a 2 bed house.
The income is as follows:
1 bed flat - £4,152 per annum
GF commercial space - £5,400 per annum
2 bed house - £5,247.36 per annum
Total current income - £14,799.36
We consider the property to be significantly under rented and that the estimated rental value is likely to be more in the region of £25,000 per annum.
We believe there to be considerable break up potential for this property.
Location
Located at 4 Albion Road & 14 Upper Norfolk Road, and within 0.2 miles of North Shields Metro Station.
Accommodation
Size - 1,432 sq ft
Terms
Tenure - Freehold
Price - £400,000
Rateable Value - £3,600
EPC - E
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