Auction: December 2019 (L)
572 Welbeck Road, Newcastle Upon Tyne, Tyne And Wear, NE6 3AB
572 Welbeck Road, Newcastle Upon Tyne, Tyne And Wear, NE6 3AB
Sold for
£185,000
Property Details
Location
The property fronts directly onto Welbeck Road, close to its junction with Scragg Road within a predominantly and densely populated residential area, approximately 3 miles east of Newcastle Upon Tyne City Centre.
Description
A freehold dental practice investment comprising a three storey property currently let producing an annual income of £15,000.
Accommodation
| Ground Floor | 67.1 sq m | 722 sq ft |
| First Floor | 46.6 sq m | 502 sq ft |
| Second Floor | 24.6 sq m | 265 sq ft |
| Garage | 16.9 sq m | 182 sq ft |
| Subtotal | 155.2 sq m | 1671 sq ft |
Tenancy
| Lease | Rent (PA) | |
15 years from 01.10.2012. Rent review every 5th year FR & I | £15,000 p.a | Rent review 2022 |
Addendum
The option for a rent review and break clause is due in 2022
