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198-200 High St E

1,950 SF 100% Leased Retail Building Wallsend NE28 7RP $354,084 ($182/SF)

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Investment Highlights

Daytime Foot Traffic
First & Second Floor Offices

Ground Floor Cafe
Three Storey Property

Executive Summary

Three storey commercial property for sale. To the first floor are four good sized offices, a large meeting room, kitchen and w/c and access to the rear court yard. To the second floor are three more good sized offices, separate men's and women's bathrooms and stores. The ground floor comprises of the cafe with W.C facilities. We are advised the cafe is tenanted at £9,000 per annum and 2x offices tenanted at £6,000 per annum, making the current income £15,000. The property can generate in the excess of £27,000 per annum once fully tenanted and would make an ideal investment opportunity.

High Street East, Wallsend, Wallsend