Summary - 102, CLOSE NE1 3RF
1 bed 1 bath Commercial Development
**Standout Features:**
- Quayside commercial property with a passing rent of £18,150 per annum
- Generous space of 1,376 sq ft in a modern seven-storey building
- High-quality interior with open-plan and cellular spaces
- Fully glazed frontage, maximizing visibility
- Bathroom facilities and kitchenette included
- Comprehensive security with intruder and fire alarms
- Off-street parking available nearby
**Potential Concerns:**
- Extremely high crime rate in the area
- Area deprivation noted, which may impact investment value long-term
This modern commercial space offers an attractive investment opportunity in the vibrant Quayside area of Newcastle upon Tyne. Positioned within a contemporary mixed-use building, this ground floor unit boasts a generous 1,376 sq ft of flexible space ideal for various business types. The fully glazed frontage enhances visibility, while the interior's combination of open-plan and cellular areas ensures adaptability for different layouts. Additional conveniences like on-site restrooms, a kitchenette, and dedicated security features provide a ready-to-operate setting for any business.
While the location offers exceptional foot traffic and utility, potential buyers should be mindful of the very high crime rate and area deprivation statistics. Nevertheless, with a current rental income of £18,150 per annum and an asking price of just £185,000, this property presents a unique opportunity for savvy investors looking to capitalize on the expanding commercial landscape. Don’t miss out on this promising investment—properties like this in prime locations won’t last long!
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