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See how verdicts workStudio flat · NE9 7JR
For saleListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
MAIN DESCRIPTION ***COMMERCIAL UNIT**** A substantial property occupying a highly prominent position on a busy High Street offering an outstanding opportunity for investors, developers or owner-occupiers.
Formerly operated as a public house with a £2000 pcm rental income.
The ground floor provides extensive commercial accommodation with excellent frontage and significant pedestrian and vehicle passing trade.
Above the commercial premises are four self-contained residential flats, all currently tenanted, creating an attractive mixed investment or redevelopment opportunity.
The property benefits from two independent entrances offering flexibility to divide the site for multiple occupiers, subject to any necessary planning consents.
Situated in a thriving High Street location the property enjoys excellent visibility, strong local amenities and consistent passing trade, making it suitable for a variety of commercial, leisure, hospitality, retail or alternative uses (subject to planning where required).
ENTRANCE LOBBY 5' 2" x 4' 5" (1.581m x 1.369m) Access into bar area. BAR 29' 6" x 28' 8" (9.012m x 8.738m) Fully operational bar with fitted optics and pumps.
Benefiting from windows on two sides providing excellent natural light. The space is heated by three central heating radiators. Large seating area.
INNER HALL 17' 11" x 9' 8" (5.484m x 2.967m) Two external doors, door leading to cellar and access to male and female WC's.
SECOND HALL 21' 4" x 10' 3" (6.516m x 3.136m) Access into second bar and also kitchen area. SECOND BAR 32' 5" x 28' 6" (9.906m x 8.709m) Fully operational bar and large seating area.
KITCHEN 11' 0" x 9' 2" (3.358m x 2.799m) Fitted with wall and base units, plumbing for a dish washer, central heating radiator and vinyl flooring.
DISCLAIMER These details have been prepared by our agency staff using both information provided to us by the vendor and following internal inspection.
Please be advised particulars may still be awaiting verification and approval from the vendors and therefore should not be relied for anything other than general information.
Fixtures and fittings included are to be agreed with the vendor and any photographs or mention of fitted appliances does not imply they are in working order.
Internal measurements are taken as a guide only for prospective purchasers and may not be precise.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Royal Oak, The Royal Oak, High Street, Wrekenton, Gateshead
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