201-205 High Street East, Wallsend, Newcastle Upon Tyne

The property comprises of 3 separate units. There are 2 ground floor retail units, and one first floor flat. 201 High Street East is currently let to a local occupier who uses the premises as a barber shop. 203 High Street East is a vacant retail unit adjacent to 201 High Street East and opposite The Town Hall. The first floor flat is located above the two retail units and is let to a single occupier.

The retail units have a very similar arrangement, both have a great frontage onto the High Street and benefit from a good sized retail zone with W/C facilities and a kitchen area to the rear. The residential above is a 2 bed flat with a modern kitchen area and bathroom, towards the rear is a small yard area.

ACCOMMODATION
We calculate the approximate net/gross internal floor areas to be as follows:

201 Ground Floor 32m² 344ft²
203 Ground Floor 39m² 420ft²
205 First Floor Flat 84m² 904ft²
Total 155m² 1,668ft²

EPC RATING
201 High Street East EPC (commercial): 42B
203 High Street East EPC (commercial): 57B
205 High Street East EPC (residential): 52E

Rating Assessment
The rateable value for the commercial units can be found online via the Valuation Office Agency.

Property Rent Lease Term Deposit
201 High Street East £5,400 Rolling tenancy £450
203 High Street East (vacant) n/a n/a n/a
205 High Street East £5,400 Rolling tenancy £450

TERMS
The property has a guide price of £160,000 (One Hundred and Sixty Thousand Pounds).