Rickard Chartered Surveyors
Tel: 01670 513533
Fax: 01670 518398
25 Newgate Street
Morpeth
Northumberland
NE61 1AW
Station Road, Ashington
Price £220,000
Commercial
- INVESTMENT OPPORTUNITY
- BUSINESS NOT AFFECTED
- LEASE DATED 31st OCT 2023
- TEN YEAR TERM
- PROMINENT LOCATION
- Approx 7 % yield
- EPC RATING C
An excellent opportunity to acquire a prominent Freehold investment property positioned on the highly visible corner of Station Road, Ashington. Ideally located close to the new railway station and within easy reach of Asda, the property benefits from strong passing footfall and ongoing regeneration in the immediate area—making it a particularly attractive long-term investment.
The property comprises a substantial corner building arranged over three floors, offering an imposing presence and strong commercial appeal. The current tenant holds a lease over the entire building, although they presently utilise only the ground floor. The lease does permit the tenant to sublet the upper parts should they wish, however this would remain under the tenant’s control rather than the purchaser’s.
Generating an attractive yield of approximately 7%, this is a compelling addition to any investor’s portfolio, providing a secure income stream from an established tenant.
A rare opportunity to acquire a well-located, income-producing asset in a growing area. Early enquiries are highly recommended.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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