7 Lad Lane, Newcastle, Staffordshire ST5 1RE

A freehold town centre investment property arranged over four floors within the pedestrianised retail core of Newcastle-under-Lyme. The property comprises a ground floor retail unit of approximately 350 sq ft with basement storage of approximately 233 sq ft, alongside first and second floor accommodation of approximately 242 sq ft and 270 sq ft respectively. It is currently let to two tenants producing a total income of £11,000 per annum, with provisions for increases to £11,500 in 2027 and £12,000 in the third year. Full planning permission has been granted for the conversion of the first and second floors to Class C1 visitor accommodation, offering potential for alternative residential use subject to further consents. Mains electricity, water, and drainage are connected. The property is located on Lad Lane, just off the Ironmarket, near the redevelopment of the former York Place shopping centre, which will enhance connectivity and footfall in the area.