Freehold mixed-use block with retail and first-floor offices
Immediate income £13,000 pa from long-term tenant (lease ends July 2026)
Vacant ground-floor unit — owner occupation or re-let (ERV £10,000 pa)
Total internal area approximately 1,505 sq ft
Victorian frontage with some post-war repairs; flat roof and security bars
High local footfall but area has very high crime and very deprived indices
EPCs: 183 Shields Road C; 185–189 Shields Road D
Small plot with no exterior amenity space
A substantial two-storey freehold retail and office building on Shields Road, offered with immediate rental income and a vacant ground-floor unit ready for owner occupation or re-letting. The property comprises two street-facing retail units with first-floor offices, stores and WC facilities, making it flexible for continued multi-let investment or single-owner commercial use.
Current income is £13,000 pa from a long-term occupier on internal repairing and insuring terms; a second ground-floor unit (previously a florist) is vacant following retirement and has an estimated rental value of £10,000 pa. The building presents straightforward short-term uplift potential by letting the vacant unit or converting parts for alternative commercial uses.
The property sits in an established retail parade with good transport links, including nearby Byker Metro Station, and high daytime footfall from surrounding student and residential neighbourhoods. Practical considerations: the area records very high crime and high deprivation, the building shows post-war utilitarian elements (flat roof, security bars, graffiti) and EPCs of C and D for the units. Offers in the region of £200,000; buyer ID and source-of-funds checks will be required.
