House · NE8 1AS
Listing removedListed 138 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Rateable Value under £12,000. Available to let in prominent position within Gateshead Town Centre these are retail premises with frontage to the High Street.
Located directly opposite the new Trinity Square Development, which includes major retailers and Vue cinema and has over 100,000 footfall per week and within walking distance of the Interchange Centre/Metro and Bus station.
The unit is well presented with open plan ground floor sales area with spacious accommodation to the first floor.
Location The premises are prominently located on the northern section of Gateshead High Street, close to Home Bargains, Trinity Square (with major retail tenants), Tesco superstore and over 900 student flats.
The Gateshead Interchange Bus and Metro station are also nearby, providing access from all local communities.
Accommodation Situate over two floors, the spacious and light open ground floor area is approximately 6 m wide with a small staff area to rear and two wc's, total area 95m2 (1000 ft2).
On the first floor are offices that could be used for storage or a variety of purposes plus kitchen/staff area and two wc's, area 85 m2 (900 ft2). Externally there is a small rear yard. Rates.
The premises are assessed the RV as £11,750 from 1 April 2026. The unit therefore qualifies for small business rates relief, which means that qualifying tenants will pay no business rates.
Full details are available from Gateshead MBC. Prospective tenant must ensure that they qualify for SBRR.
Tenure A new lease is available on full repairing terms for a term of years to be agreed at a suggested initial rental of £14,500 pa.
Planning We believe that the property is in use class E, covering many types of shops and offices. Previous occupations were as a hairdresser/beautician retail/small cafe and an estate agency.
Prospective tenants must satisfy themselves as to the suitability of their proposed use for the premises. Costs Each party to be responsible for their own costs.
Services As far as we are aware, all mains services are available or connected.
The premises has double glazing to most windows and gas combi central heating with some independant heaters to ground florr.
Disclaimer In accordance with the Property Misdescriptions ACT (1991) we have prepared these sales particulars as a general guide to give a broad description of the property.
They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested.
All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings.
Tenure and boundary information are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.
A Director of Andrew Craig has a financial interest in this property. EPC Rating: C
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
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