FOR SALE BY ONLINE AUCTION THURSDAY 8TH DECEMBER AT 9.00AM. Vacant retail premises just outside of Newcastle city centre. Estimated rental income in the region of £6,000 per annum, providing a yield of 12.6% at Guide Price. Fantastic opportunity for either owner/occupier or investor.
The property is circa 249sq ft and is located in Burnopfield, a town roughly 25 minutes from Newcastle city centre, just off the A692. The property is of traditional sandstone construction and comprises part of a detached one-storey retail unit. It has previously operated as a barbershop and has a wide variety of potential uses. The attached unit is currently operating as a beautician and holistic therapy centre.
Currently vacant, this property has an estimated rental value of £6,000 per annum, providing a yield of 12.6% at Guide Price. This could be a great commercial investment or could suit a small business owner looking to acquire their own workspace.
Burnopfield is a quaint rural village in County Durham, with a population of roughly 4500 people. The village is roughly 7 miles from Newcastle Upon Tyne and 15 miles from Durham with good motor links into both cities. The location has the benefit of being close by to major cities, while also being quiet and residential areas.
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