Two-Storey Retail Investment Property

The subject property comprises a two-storey retail investment situated in the heart of Whitley Bay town centre. The property is surrounded by local amenities including shops, pubs, and restaurants, and is well connected with public transport nearby. Located just off Whitley Road, the property provides good road and transport links and is approximately 0.2 miles from Park View Shopping Centre. The accommodation briefly comprises a ground floor retail premises with an extension to the rear incorporating a workshop, a kitchen, and a WC, alongside first-floor storage space. Ground floor areas include retail space of approximately 48.75 sq. m (495.91 sq. ft.), workshops measuring 15.26 sq. m (164.25 sq. ft.) and 16.21 sq. m (174.50 sq. ft.), a kitchen of 3.18 sq. m (3.26 sq. ft.), and a WC measuring 5.34 sq. m (57.43 sq. ft.). First-floor storage rooms measure 10.23 sq. m (110.12 sq. ft.) and 6.76 sq. m (72.79 sq. ft.), bringing the total area to approximately 103.05 sq. m (1,109.25 sq. ft.). Please note that the first-floor residential accommodation is not included within the sale of this property. The property has been tenanted for a number of years with a current passing rent of £6,000 per annum on a 5-year term which commenced on 01/07/2023 and ends on 01/07/2028. The current rateable value is £6,500. Viewings are strictly by appointment only.