Summary - WESTGATE WINE & VIDEO SHOP, 1 WESTGATE HALTWHISTLE NE49 9AF
1 bed 1 bath Mixed Use
High-yield town-centre portfolio with newly refurbished flat and parking.
Freehold mixed-use building; total GIA 2,279 sq ft
A prominent stone-built end-of-terrace on Haltwhistle’s main shopping street, offered as a freehold mixed-use investment. The property totals 2,279 sq ft and comprises two ground-floor retail units and a large first-floor four-bedroom flat refurbished to a high standard in 2024, complete with a private terrace and one off-street parking space.
Income currently totals £35,400pa producing a gross initial yield of 11.80% at the asking price of £300,000. Ground-floor tenants include a charity and a hair/beauty salon; the flat and rooms are let on ASTs. VAT is not applicable. Several commercial and residential agreements contain tenant break options or short-term AST start dates—buyers should review lease expiry and break clauses closely.
Strengths include prominent town-centre position near key occupiers and a public car park, recent residential refurbishment, and strong headline yield. Important considerations: the local area records deprivation indicators and slow broadband speeds despite excellent mobile signal, and some tenancies are recent or contain options to determine, creating potential re-letting risk or short-term income variability.
This asset suits an investor seeking immediate income with value-add potential through lease management and active asset oversight. Its location benefits from tourist traffic to Hadrian’s Wall and straightforward freehold ownership, but effective management will be required to stabilise and potentially enhance rental streams.
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