£105,000

Office for sale

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Guide price

£105,000

Office for sale

Station Road, Ashington NE63

Local area information

Property location

Nearby amenities

  • Get U Started Training (SEN) 0.1 miles
  • Buzz Learning School (SEN) 0.3 miles
  • Pegswood 2.7 miles
  • Widdrington 4.3 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Ashington to find out more about the local area.

Features and description

  • Mixed-Use Investment with Immediate Rental Income
  • Tenanted 2-Bed Flat at 500 pcm
  • Ground Floor Retail Unit in Prime Location
  • High Footfall Town Centre Position
  • Close to Ashington's New Train Station
Summary

Ideally positioned near the upcoming Ashington train station, this end-terrace, two-storey mixed-use property offers an excellent investment opportunity in the heart of Ashington town centre.

The ground floor features a well-proportioned retail unit, suitable for a variety of uses (subject to consents). Above, the first floor hosts a self-contained 2-bedroom flat, currently tenanted at 500 pcm, providing immediate rental income. The flat includes a lounge, kitchen, and bathroom, along with access to a large loft space offering further potential (subject to permissions).

Located on Station Road, the property benefits from a prominent position within Ashington's established commercial and retail core, with strong footfall and excellent transport links nearby.

An attractive option for investors seeking a versatile and income-generating asset in a well-connected and evolving area.

Location

The subject property is located on Station Road, within an established retail and commercial area of Ashington town centre. Ashington is a significant business and residential hub in south east Northumberland, serving both the local population and surrounding communities.

The area benefits from excellent road connectivity via the A189 Spine Road, providing direct access to other parts of Northumberland and the wider North East region.

The location is also set to benefit from major regeneration projects, most notably the reopening of Ashington Train Station, which will restore direct rail links to Newcastle and significantly improve public transport options. Additionally, the new Northumberland College campus, soon to open at Wansbeck Business Park, is expected to bring increased footfall, employment, and demand to the area - further enhancing its appeal for both commercial and residential investment.

Ground Floor Retail Unit

88 Sq M / 942 Sq Ft

The ground floor comprises a spacious main front room, ideal for retail or customer-facing use, leading to two private consultation rooms. A rear hallway provides access to a large walk-in storage area, along with a kitchenette and toilet facilities.

To the rear, the property benefits from a generously sized enclosed yard, offering additional storage or delivery access if required.

This flexible layout is well-suited for a range of uses, subject to any necessary consents.

First Floor Residential Flat

74 Sq M / 798 Sq Ft

Accessed via a private entrance, the flat comprises an entrance hall with stairs leading to a first-floor landing, a spacious lounge, fitted kitchen, two bedrooms, and a bathroom with WC.

The flat is currently let at 500 pcm, offering immediate rental income, with potential to achieve up to 650 pcm based on current market conditions.

Ideal for investors, the property also benefits from a large loft space, offering potential for additional storage or future development (subject to the necessary consents).

Rateable Value

According to the Valuation Office Agency (voa), the current rateable value for 60/60A Station Road, Ashington, NE63 8RN, effective from 1 April 2023, is 5,800.

Tenure

Freehold Title Number - ND32998

EPC

Energy Performance Certificate: C

Available upon request.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Floor plans and tours

Floor plans (1)

Floor plan 1

Tours (1)

1 virtual tour available

Step inside the property with a virtual tour or video walkthrough.

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Property descriptions and related information displayed on this page are marketing materials provided by - Pattinson - Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Northumberland
  4. Ashington
  5. Station Road