2-bedroom terraced house · NE24 1QP
Listing removedListed 262 days
Opportunity summary
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About
The Michie Group LLP are delighted to bring to the open market an exciting opportunity to acquire the freehold interest of a well-established and popular commercial premises along with fully refurbished first floor flat.
Currently housing Nancy's Cafe, a thriving business in the heart of Cambois, the property is ideal for an owner operator or investor.
LOCATION & SITUATION Situated in the heart of Cambois on West Bridge Street, the property benefits from both substantial foot and road traffic with ample roadside parking available to service local and passing trade.
Being well connected to the surrounding area with the A189 just a short drive away, providing direct access to Blyth town centre and further connections to Newcastle upon Tyne and the A1 motorway.
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achieving.toward.also DESCRIPTION Nancy's Cafe is a well-established and profitable business, formerly a hairdressing salon, the property underwent a change of use in 2018 and has since become a unique and rare turnkey opportunity for any prospective purchaser.
The sale offers all fixtures, fittings, and catering equipment, allowing for immediate operation.
Featuring a fully equipped commercial kitchen, a stylish countertop and dining area with ample seating space both indoors and outdoors.
This property presents an excellent opportunity for an owner-operator or investor seeking a profitable business with great growth potential.
Nancy's Cafe is currently run by the Vendor as a sole trader and thrives from a well-established reputation, the sale of the property comes as a result of their retirement.
It is to be noted that the ground floor unit is no means restricted to being run as a cafe and offers potential alternative uses, subject to obtaining the necessary planning consents.
The fully refurbished first floor two-bedroom flat presents convenient living, featuring a brand-new kitchen, spacious living room, and a modern bathroom with high-quality finishes throughout.
The flat is ready for immediate occupation, ideally suited for an owner operator to service the business downstairs.
The current rateable value of the property is: £3,950.00 As the RV is below £12,000, occupiers for whom this property forms their sole trading premises will not pay business rates.
We advise to seek verification of the this from the Local Rating Authority.
RIGHTS EASEMENTS AND WAYLEAVES The property is sold subject to and with the benefit of all rights of way, water, drainage, watercourses and other easements, quasi or reputed easements and rights of adjoining owners (if any) affecting the same and all existing matters registered by any competent authority, subject to Statute.
LOCAL AUTHORITY Northumberland County Council EPC RATINGS 1 West Bridge Street (Cafe) - C 1A West Bridge Street (Flat) - E A copy of the respective EPC's are available upon request.
METHOD OF SALE The property is registered with the HM Land Registry as Title Number ND182736 and is offered for sale via the method of private treaty, freehold with vacant possession upon completion.
The Vendor reserves the right to conclude the sale as they wish. VIEWINGS Potential purchasers are requested to register their interest at an early stage with the selling agents.
Viewing strictly by prior appointment only. Please contact selling agent Tom Bell.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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Area
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FAQ
About 1 & 1A West Bridge Street, Cambois, NE24 1QP
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