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Veterinary Practice & Flat Investment

Ashington

£160,000 (Freehold)

REF: NE2162

Location

 

This investment is located at the western end of Station Road, within a small secondary shopping parade.

 

Ashington is 15 miles north of Newcastle upon Tyne and was once the centre of the local coal mining industry.  Road access to the town is excellent via the A189 Spine Road and the town has recently had a regular rail service reintroduced.

 

Property

 

Comprises a self-contained ground floor lock up unit extending to 70 sq.m. (755 sq.ft). To the upper floors there is a maisonette with up to 3 bedrooms plus a kitchen, lounge and bathroom.  The maisonette has independent access from the street and is occupied by a single tenant.

 

Occupational Leases

 

152 Station Road

Occupied by Independent Vetcare Limited (CRN 07746795) on a 10 year lease dated 30th January 2025. The current passing rent is £7,500 per annum with a rent review at the 5th anniversary.

 

152a Station Road

Occupied under an AST at £500 per month.

 

EPC

 

Shop Rating - D.

Flat Rating - D.

Tenure

 

We are advised that the title is freehold.

 

Services

 

We understand that gas, electricity, water and drainage are connected to the property. 

 

Business Rates

 

Rateable Value                    £4,650

Rates free incentives subject to status.

 

Council Tax Band A

 

Money Laundering Regulations

 

In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

 

 

 

 

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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