£100,000

Property for sale

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Just added
Freehold

£100,000

Property for sale

38 Queen Street, Amble, Northumberland NE65

Local area information

Property location

Nearby amenities

  • Amble First School 0.2 miles
  • James Calvert Spence College 0.4 miles
  • Acklington 3.2 miles
  • Alnmouth 4.6 miles

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

Features and description

  • Freehold
  • Commercial investment
  • Attractive two storey mid-terrace sandstone building
  • Freehold investment producing 7.2% yield
  • Rental Income £7200 per annum
  • Total area 75.55 m2 (813.22 ft2)
  • Fully let to Amble Insurance Services
  • Tenants lease expires February 2026
  • Prime position on main trading thoroughfare
  • On Street Parking
Commercial investment. Attractive two storey mid-terrace sandstone building. Freehold investment producing 7.2% yield. Rental Income £7,200 per annum. Total area 75.55 m² (813.22 ft²). Fully let to Amble Insurance Services. Tenants lease expires February 2026. Prime position on main trading thoroughfare. On Street Parking.

Price £100,000 Freehold

Ref I288

Location

Amble known as 'The Friendliest Port' is a popular North East waterfront town which hugs the River Coquet Estuary at the southern gateway to the Northumberland Coast Area of Outstanding natural beauty. With a sizeable local community enjoying all year round tourism. Queen Street is a main thoroughfare and the main trading location in the town.

Description

We are pleased to present to the market this well-positioned, mid-terrace, two-storey sandstone property, complete with a pitched slate roof.

The ground floor comprises a versatile office/retail area along with W.C. Facilities, while the first floor offers additional office accommodation, a kitchen, and further W.C. Facilities. The property is currently occupied by Amble Insurance Services.

Floor Area

Area sq. M. Sq. Ft.

Ground Floor

Office/retail 23.02 247.75

W.C 1.42 15.28

First Floor

Office 12.23 131.64

Office 25.72 276.86

Store 1.76 18.94

Kitchen 8.90 95.84

W.C 2.50 26.91

Total 75.55 813.22

Price

£100,000



Yield

7.2 % Based on the asking price of £100,000

Rental Income

£7,200 per annum

Tenancy Agreement

The unit is let to Amble Insurance Services their current lease come to an end in February 2026.

Tenure

Freehold – The ground floor unit next door has been sold on a 999 year lease from 7th February 2020

Viewing

Strictly by appointment through this office.

Rateable Value

The 2025 Rating List entry is Rateable Value £6,200

As the rv is below £12,000, occupiers for whom this property forms their sole trading premises will not pay business rates. We advise to seek verification of the above from the Local Rating Authority.







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Property descriptions and related information displayed on this page are marketing materials provided by - Rook Matthews Sayer - 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 Rook Matthews Sayer - Commercial for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Northumberland
  4. Morpeth
  5. Amble
  6. Queen Street