Investment mixed-use building with 5 units

A rare opportunity to acquire a fully tenanted mixed-use investment comprising a substantial semi-detached sandstone building occupying a prominent corner position in the heart of Forest Hall. The property benefits from an attractive enclosed communal garden and provides a diverse income stream from a ground floor retail unit together with four self-contained one-bedroom residential flats. The accommodation extends to approximately 244 sq. m (2,625 sq. ft.) and currently generates a gross rental income of 28,020 per annum. Based on the guide price of 210,000, the property reflects an attractive gross yield of approximately 13.3%, offering investors a strong level of income return from day one. The property is fully occupied, with the exception of Flat 3, which was sold off on a 999-year long leasehold interest from 9th December 1994. The investment offers purchasers a well-balanced mix of commercial and residential income, underpinned by established occupiers and a proven rental history. Occupying a prominent position within a popular residential area, the property benefits from excellent access to local amenities, public transport connections and Newcastle city centre. The substantial sandstone building and generous communal garden further enhance its long-term appeal to both tenants and investors alike. The property is held Freehold, subject to the occupational leases and long leasehold interest detailed within the tenancy schedule, and presents an excellent opportunity to acquire a well-established mixed-use asset producing an immediate income together with future asset management and rental growth potential.