Prominent Queen Street retail investment in coastal Amble. Ground floor unit with basement 70 sq. m. (762 sq. ft.). Rental income £11,400 per annum. Attractive 8.14% yield. Lease until May 2030, no break clauses. On street parking. Recently refurbished with significant capital investment.
Freehold £139,950
Ref I453
Location
Amble known as 'The Friendliest Port' is a popular North East waterfront town which hugs the River Coquet Estuary at the southern gateway to the Northumberland Coast Area of Outstanding natural beauty. With a sizeable local community enjoying all year round tourism. Queen Street is a main thoroughfare and the main trading location in the town.
Description
An excellent opportunity to acquire a well-presented and income-producing retail investment prominently positioned on Queen Street, within the popular coastal town of Amble.
The property comprises a ground floor retail unit with ancillary basement accommodation, forming part of a traditional two-storey stone-built terrace beneath a pitched slate roof. The ground floor extends to approximately 47.84 sq. m. (514.94 sq. ft.) and provides an attractive open-plan cafe area, together with storage and WC facilities. A useful basement of approximately 23.03 sq. m. (247.89 sq. ft.) offers additional storage space.
Externally, the property benefits from a charming rear courtyard, which has been thoughtfully developed into a south-facing outdoor seating area. This sun trap has undergone extensive structural improvements, including high-quality rendering, stonework, and pointing professionally completed by a master stonemason to a high specification before the tenant completing a tasteful cosmetic finish to create a tranquil and inviting setting.
The premises are currently let to Gracy’s Coffee Lounge and Eatery, a highly successful and award-winning café that enjoys strong local support as well as consistent tourist trade. The tenant has invested significantly in a high-quality fit-out, complementing a comprehensive refurbishment undertaken by the landlord in 2022/23, with total recent capital expenditure understood to be in the region of £100,000.
Investment Summary:
Current passing rent: £11,400 per annum. Lease term: 7 years expiring May 2030 (no breaks). Let to a strong and established independent operator.
This is a rare opportunity to acquire a secure, low-maintenance retail investment in a sought-after Northumberland coastal location, underpinned by a thriving tenant and significant recent improvements to the property.
Tenure
Freehold
Price
£139,950
Viewing
Strictly by appointment through this office.
Rateable Value
The 2026 Rating List entry is Rateable Value £8,700
As the RV is below £12,000, occupiers for whom this property forms their sole trading premises will not pay business rates. We advise to seek verification of the above from the Local Rating Authority.
