Large mixed-use building with rear access, ideal for investors or developers.
Around 2,905 sq ft over four floors, substantial redevelopment potential
A substantial mid-terraced mixed-use building offering about 2,905 sq ft across four floors, positioned on a busy route into Newcastle city centre. The property combines ground-floor shop/workshop space, rear-access workshop/garage with off-street parking, and upper-floor residential accommodation — an attractive redevelopment or income-enhancement prospect for investors or developers comfortable working in urban, student-focused areas. Vehicular access to the rear and many original Victorian features add practical value and character.
The building requires renovation throughout and will suit a buyer prepared for refurbishment or conversion subject to planning and building regulations. It is sold freehold by Modern Auction; bidding is subject to a reserve and auction terms. Interested buyers should note the purchaser pays a non-refundable Reservation Fee (4.5% of the purchase price, minimum £6,600 inc. VAT) plus the Buyer Information Pack fee, and should review the pack and inspect with lenders before bidding.
Location strengths include close proximity to Newcastle Central Station, university campuses, St James’s Park and city-centre amenities, making it well placed for lettings to students or short-term commercial uses. However, the immediate area is a deprived, high-crime, multicultural student neighbourhood, which may affect rental strategy, insurance costs and refurbishment approach. Buyers should factor in costs for works, potential security measures and any planning constraints.
This is a clear opportunity for an investor or developer seeking a large, character commercial/residential site with flexible future uses. The property’s size, rear vehicular access and high-footfall location provide scope to improve income or undertake a targeted redevelopment, while acknowledging renovation and area-related challenges.
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