High Street East & 1-1a Laburnum Avenue, Wallsend, Tyne & Wear, NE28

LOCATION
The subject property is located within Wallsend High Street West. This location is a busy retail parade with high levels of passing traffic and footfall. The area benefits
from its location with good transport links with Wallsend metro station being a five minute walk and the A1058 Coast Road being a short drive, a sizeable local population
and surrounding communities. The property is located approximately five miles east of Newcastle City Centre and five miles west of the Tynemouth coast.

DESCRIPTION
The subject mixed use investment is a three storey, end terrace premises is located on High Street East and Laburnum Terrace. The Investment consists of three retails
and seven residential flats to which is at first fix stage.
The ground floor retail units are partially let with 1 x unit vacant and producing an annual income of £18,600 PA.

ACCOMMODATION
We calculate the approximate gross internal floor areas to be:
Floor b M2 SQ FT
39 HSE Ground Shop 76 818
41-43 HSE Ground Shop 86.2 928
1a Laburnum Ground Shop
Flat 1a First Floor 40 431
Flat 1b First Floor 37 398
Flat 1c First Floor 42 452
Flat 1d First Floor 61 657
Flat 1e Second Floor 37 398
Flat 1f Second Floor 40 431
Flat 1g Second floor 61 657
Total

EPC RATING
EPC Rating – D – (83)

RATING ASSESSMENT
The current rating assessment calculated from 1st April 2023.
39 High Street East - £9,200
41-43 High Street East - £15,250
Interested parties should confirm the current position with the Local Authority.

Council Tax Band
Band - A

TERMS
By way of Freehold Title at a Guide Price of £425,000 (Four Hundred and Twenty Five
Thousand Pounds).

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.