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Mixed Investment In Newbiggin-by-the-sea For Sale

Newbiggin-by-the-Sea, Northumberland
Asking Price:
£190,000
Turnover:
Available on request
Net Profit:
Available on request

Property for sale. Mixed investment on main road in coastal town. Rental yield of 14% (rising to 16.8% when fully let). Great investment opportunity.

Prominent main road position. 4 retail units (3 tenanted) and 3 residential flats. Currently producing £26,596 pa (rising to £31,996 pa when fully let). Private parking.

Auction Guide Price £190,000+

Ref G915

For Sale by Auction. Terms and Conditions apply, see ---.---------------------.---.

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £500+vat (total £600) Auction Administration Fee.

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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