7 Lad Lane, Newcastle, Staffordshire ST5 1RE

This freehold investment property is located in the pedestrianised retail core of Newcastle-under-Lyme, arranged over four floors. The ground floor comprises a retail unit of approximately 350 sq ft with basement storage of about 233 sq ft. The first floor offers accommodation of approximately 242 sq ft, while the second floor provides around 270 sq ft of space, featuring areas with sloping ceilings. The property is currently let to two tenants, generating an annual income of £11,000, which will increase to £11,500 in 2027 and £12,000 in the third year under stepped rental provisions. Full planning permission has been granted for the conversion of the first and second floors to Class C1 visitor accommodation, allowing for potential alternative residential use, subject to further consents. Mains electricity, water, and drainage services are connected. The property is situated near the Ironmarket, with ongoing redevelopment of the adjacent York Place shopping centre, enhancing connectivity and footfall in the area. The EPC rating is E.