Commercial Property in Newcastle

A Freehold town centre investment property arranged over four floors within the pedestrianised retail core of Newcastle-under-Lyme. The property comprises a ground floor retail unit with basement storage together with first and second floor accommodation, currently let to two tenants producing £11,000 per annum, rising to £11,500 in 2027 and £12,000 in year three under stepped rental provisions. Full planning permission has been granted under Application Ref: 24/00488/COU for the conversion of the first and second floors to Class C1 visitor accommodation (Airbnb), providing potential for alternative residential use of the upper floors subject to any further consents required. A well-maintained period building...