Summary - 477-479 Durham Road, Gateshead, Tyne and Wear, NE9 5EX NE9 5EX
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prominent retail unit on busy Durham Road, a sought-after suburban area.
- Recently refurbished; spacious 4,500 sq ft retail space.
- Currently tenanted by Heron Foods Ltd with a strong rental yield at £675,000 (6.33% after costs).
- Freehold ownership; no VAT applicable.
- Excellent location surrounded by reputable businesses, schools, and amenities.
**Summary:**
Discover an exceptional investment opportunity with this prominent retail unit located at 477-479 Durham Road in the desirable suburb of Low Fell, Gateshead. Currently let to Heron Foods Ltd, this recently refurbished space boasts an expansive 4,500 square feet, making it well-suited for diverse commercial ventures. The thriving location features a variety of nearby retailers, including Co-Op and Greggs, contributing to a steady footfall that enhances rental yields.
The freehold property is in excellent condition, offering both immediate income potential and future flexibility for further developments or renovations. Positioned in a highly affluent area with strong local schools, this retail unit combines security with growth potential. With a price of £675,000 and no VAT, this is an exclusive opportunity that won't last long—secure your spot in this prime retail location today!
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