Under Offer
Wooler – Vacant Retail with Development Potential
45/47 High Street, Wooler, Northumberland NE71 6BHFreehold Vacant Retail with Residential Development Potential
Price
£140,000
Rent P.A.
Vacant
Yield
ERV £20,000
Tenure
Freehold
Area
5,597 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £20,000 p.a. GIY: 14.29%
- Comprises two-storey stone build property arranged as a ground floor retail with ancillary accommodation above
- Residential development potential, subject to planning
- Situated in the heart of the town's commercial area with occupiers nearby including Wooler Post Office, Pharmacy, Restaurant, Café, Beauty Shop and many more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises mid-terrace stone build property arranged as a ground floor retail with ancillary accommodation above, providing the following accommodation and dimensions:
Ground Floor: 336 sq m (3,617 sq ft)
Open plan retail, Office
First Floor: 184 sq m (1,980 sq ft)
Ancillary, Office, Storage, Staff Rooms, WCs
Total NIA: 520 sq m (5,597 sq ft)
Residential development potential, subject to obtaining the necessary consents.
Ground Floor: 336 sq m (3,617 sq ft)
Open plan retail, Office
First Floor: 184 sq m (1,980 sq ft)
Ancillary, Office, Storage, Staff Rooms, WCs
Total NIA: 520 sq m (5,597 sq ft)
Residential development potential, subject to obtaining the necessary consents.
Tenancy Description
The property is at present vacant. ERV: £20,000 p.a.
Location Description
Wooler is a small town in Northumberland, England, located near the Scottish border. The High Street is a bustling area with a range of local shops, cafes, and businesses. Wooler is served by several bus routes operated by Arriva North East and Travelsure. These connect the town with nearby villages and towns such as Berwick-upon-Tweed, Alnwick, and Morpeth, as well as larger cities like Newcastle and Edinburgh. The nearest railway station to Wooler is in Berwick-upon-Tweed which provides direct connections to Edinburgh, Newcastle, and London. The property is situated in the heart of the town's commercial area with occupiers nearby including Wooler Post Office, Pharmacy, Restaurant, Café, Beauty Shop and many more.
