- Two storey mixed use premises
- Aquatic shop to ground floor
- 2 bedroom flat to first floor
- Fully tenanted investment
- Annual rental income £9,540
- Close to local amenities and transport links
FOR SALE VIA ONLINE AUCTION: terms and conditions apply. Link to bidding platform: auction.bradleyhall.co.uk/lot/details/29d341d6-190a-4d30-a8cb-4492b65926fd
Situated on Albert Road in Jarrow, this mixed use investment property comprises a ground floor 71sqm (761sqft) commercial unit currently occupied as an aquatic shop, together with a self-contained two bedroom residential flat to the first floor.
The ground floor aquatic shop is currently let at £395pcm, while the two bedroom flat is let at £400pcm, providing a combined current rental income of £795pcm (£9,540 per annum). Please note that the flat is currently let at a reduced rate to a family member of the seller.
The commercial unit is a versatile, mid-size unit would be great for various uses such as a small boutique, offices and light industrial workshop (STPP).
Albert Road is situated within an established area of Jarrow, with a range of local shops, services and amenities available within the surrounding area. Jarrow town centre is readily accessible, providing further retail, leisure, and everyday amenities, including Jarrow park for dog walking, and St Oswald’s Primary School which was graded Outstanding across several categories. The area is also well positioned for access to the wider Tyne and Wear conurbation, with road connections providing access towards South Shields, Newcastle upon Tyne and surrounding areas.
The property may appeal to both private and professional investors seeking a mixed use, dual-income investment, with the benefit of existing occupational income from both the commercial and residential elements.
