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1 Albion Street Windy Nook, Gateshead NE10 9SJ
Commercial investment. Detached hot food takeaway. Rental income £9,100 per annum. Tenant - Kebab House (been in occupation since 2014). Floor area 47.8 sq. m. (514 sq. ft.). Designated parking. 7 % yield on asking price. Excellent investment opportunity. Prominent junction. EPC Rating C.
Price £130,000 Freehold
Ref H984
Freehold
The property is located on Albion Street on the corner of a busy four-way junction within Windy Nook, Gateshead. Windy Nook is conveniently located near local amenities and transportation links. Neighbouring businesses in include Tesco Express and Queen Elizabeth Hospital only 500 M.
Description
We are delighted to offer to the market this detached single storey takeaway currently let to the Kebab House. The property benefits from designated parking to the side of the property.
Rental Income
£9,100 per annum
Yield
7 % yield on asking price
Lease / Tenant
Kebab House - The current tenant took over an existing lease in June 2014 via a licence to assign, the current lease has expired and is rolling over.
Rateable Value
The 2024 Rating List entry is Rateable Value £2,600
Tenure
Freehold
Price
£130,000
Epc Rating
C
Viewing
Strictly by appointment through this office
