7-9 Ramsay Street, High Spen, Rowlands Gill

Jan Mitchell Properties are delighted to offer for sale this multiuse commercial property that offers an attractive current return with masses of potential for further development, located in the popular picturesque village of High Spen between Rowlands Gill & Ryton.

The property briefly comprises to the ground floor of a central communal corridor:- Two occupied retail units with own w/c facilities to the ground floor, a successful occupied café and a vacant warehouse space to the rear with roller shutter door.

To the first floor off the communal landing there are then four office/studio spaces, one of which that is currently let.

The property benefits from double glazing and a modern oil boiler however there is gas to the property.

4 Units currently let at £1,816pcm
4 Vacant units previously let for £1,600pcm
Total potential annual income £40,992

Viewings come highly recommended to appreciate the size and potential on offer first hand.

Location
High Spen is a former mining village in the Metropolitan Borough of Gateshead, it offers an array of local amenities within the village itself including a primary school, convenience store, The Bute Arms pub and a micro pub called Wigs. Further amenities can be found in nearby Rowlands Gill and further afield in Gateshead and Newcastle via trunk roads and bus routes.

IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Tenure: Freehold