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3 Bedroom Mixed Use

Newbiggin-by-the-Sea, NE64 - Get Access

3 bed 2 bath

Description

*** OCCUPIED GROUND FLOOR COMMERCIAL SHOP – FIRST FLOOR THREE BEDROOM FLAT -IDEAL INVESTMENT OPPORTUNITY OR RESIDENCE – TWO MINUTE WALK TO NEWBIGGIN BEACH- SOUGHT AFTER AREA – EPC GRADE C *** An exciting investment opportunity has arisen in the sought-after coastal town of Newbiggin-by-the-Sea, Northumberland. Offering a unique combination of commercial and residential accommodation, this versatile property presents an excellent prospect for investors and developers alike. The ground floor comprises a commercial unit currently occupied by a long-term tenant, with approximately eight years remaining on the lease and generating a rental income of £450 PCM. In addition, the ground floor benefits from a substantial adjoining space, offering fantastic potential for conversion into further commercial premises or, subject to the necessary planning permissions, residential accommodation. Occupying the upper floors is a beautifully presented three-bedroom apartment, offering spacious and well-appointed living throughout. The property features a modern fitted kitchen and contemporary bathroom, while the impressive lounge boasts a striking vaulted ceiling that floods the room with natural light and creates a wonderful sense of space. From here ,delightful views overlooking Newbiggin Beach provide the perfect coastal backdrop. Situated within easy reach of local amenities, transport links and the picturesque promenade, this is a rare opportunity to acquire a mixed-use property with established rental income, significant development potential and an exceptional residential apartment in one of Northumberlands most desirable seaside locations. Early viewing is highly recommended to fully appreciate the scope and potential on offer. Property details provided by Mike Rogerson EPC rating: C and D Council Tax Band: to be advised Tenure: Unregistered – Freehold
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area Estimated: 950 sq ft

The property is a 3-bedroom, 2-bathroom flat with a commercial unit on the ground floor, located in Newbiggin-by-the-Sea. The valuation is primarily based on the unique mixed-use nature of the property, combining residential and commercial elements. The condition is fair with some dated elements, and the valuation floor area is estimated at 950 sq ft.

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