Property description
Investment opportunityTerraced property on Coatsworth Road.Location:The property occupies a great position, on Coatsworth Road in Bensham.Coatsworth Road predominantly comprises of ground floor commercial units with upper floor residential accommodation.Vacancy rates are low, with this being a highly popular location due to its close proximity to Trinity Square/Newcastle and good transport links across the North East. Historically, Coatsworth Road has been the high street of Bensham for over 100 years, with local stores trading from this location to this day. In 2012, Gateshead Council successfully bid for a THI on Coatsworth Road, which has already resulted in a major facelifts to local stores. Also occupying positions on Coatsworth Road are Tescoâs, Ladbrokes, Lloyds Bank, Subway, and the Post Office. Ground floor unit:Large commercial premises, with rear storage/office area and back yard. TA: Specials Business: Budget groceryTenant has been in situ for 20 years. Currently producing £4,500PA. Could realistically achieve £6000PAPlanning class: A1SQFT: 600 Approx. Upper floors (maisonette):An attractive and spacious maisonette,The property is unusually large, with 4 double bedrooms, and spacious living areas. Internally, the home is very well presented, incorporating a new stylish kitchen and a fully tiled bathroom and has been freshly decorated throughout, improving this home to an impressive standard.Briefly comprising of:Lower floor:Large double bedroom, with wood flooring and immaculate decor, finished with a feature wall. Two large windows with a roller blind allow plenty of natural light into this bedroom.Front bedroom, carpeted, white decor. Front facing window with roller blind.Lounge. This is a welcoming living space, decorated in warm tones with white paint and a black papered feature wall, beautifully finished with rich brown wood flooring. Integrated storage, large window to rear. Kitchen. Considered by many to be the hub of a home, this kitchen was designed to impress. Full range of fitted base and wall units in a galley arrangement, with black laminate roll top counters. Stainless steel splashback above cooker point, with a stylish brushed steel extraction system. Fully tiled splasback above other units. Large double glazed window to rear. A black tiled floor finishes this off as a stylish and contemporary space. Upper Floor:Two large double bedrooms, with Velux windows, white decor, and wood flooring. Both rooms have a sink inside.Bathroom. This is an unusually spacious bathroom, with a laminate tile effect floor, and fully tiled walls to ceiling height, fully integrating the bathtub with tiled bath panels. Over bath fully integrated combi shower. Vanity unit with integrated sink. Large double glazed privacy window. Currently producing: £6000PACould realistically produce: £7200PA