Shop and 3 Flats at 11 Main Street Crawcrook, Ryton, Tyne And Wear, NE40 4TX
Auction House North EastAuction House is the UK's largest residential and commercial property auctioneer, selling more properties than any other auction house. With multiple auction rooms and regular National Online Auctions, they offer a seamless buying and selling experience. Whether you're seeking an investment, refurbishment project, or land, Auction House provides expert guidance and nationwide reach.
Read more Read moreAn excellent opportunity to acquire a fully let mixed-use investment property comprising three self-contained flats and a ground floor retail unit, generating a strong rental income. The accommodation includes: 11A Main Street – One-bedroom flat, sold with sitting tenant paying £495 PCM 11B Main Street – One-bedroom flat, sold with sitting tenant paying £450 PCM 11C Main Street – Two-bedroom flat, sold with sitting tenant paying £575 PCM Ground Floor Shop Premises – Let on a 10-year lease at £1,250 PCM (currently let, though no trading business has commenced) Total Current Income: £2,770 PCM / £33,240 per annum Located on Crawcrook’s Main Street, the property is well-positioned close to local shops, amenities, and transport links, making this an attractive long-term investment. Auctioneer’s Note: This lot offers a ready-made investment opportunity with an established rental income stream. Buyers are advised to consult the legal pack for full tenancy details. Tenure: Freehold (further details within the legal pack) EPC Ratings: Available within the legal pack
