Summary - Park Road, Wallsend, NE28 NE28 6QY
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Large commercial space (1,647 sq ft) with high street visibility
- Prominent corner position on Park Road
- Strong footfall near Wallsend town center and Wallsend Forum Shopping Centre
- Good transport links, including Wallsend Metro Station within walking distance
- Existing long-term tenant under a 5-year lease, ensuring a consistent income stream
**Potential Concerns:**
- Property requires renovation
- Only 2 years left on the lease may limit mortgage options
- High crime rate in the area
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Unlock the potential of this expansive commercial space located on bustling Park Road, Wallsend. Offering 1,647 square feet of versatile floor area, this property is ideally suited for Class E services, boasting a prominent corner position that captures excellent foot traffic. The surrounding area is vibrant with a mix of national and independent retailers, alongside essential local services, making it a prime location for business.
Currently generating a steady income from a reliable long-term tenant, this property provides a rare investment opportunity, although potential buyers should note the need for renovation and the limited lease term of two years that might affect financing options. With fast broadband speeds and outstanding mobile coverage, this property is not only suited for retail but also offers great flexibility for numerous business ventures.
Embrace the future potential in a location just minutes from major transport links and sheltered by a community that values convenience. Act quickly—opportunities like this in high visibility locales are rare and won’t last long!
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