Prime freehold retail investment. Two storey property 145.8 sq. m. (1,570 sq. ft.). Rental income £12,000 per annum. 12.6 % based on a guide price of £95,000. Let to Hays Travel the U.K’s largest independent travel agents. 9 years from and including 31 July 2025 (Tenant break clause 31 July 2028 & July 2031). Prime town centre location. Same parade as Boots, Super Drug, O2, EE & Greggs.

Auction Guide Price £95,000 +
Ref I303

Live Auction on Tuesday 30th September 2025 - Option 1
For Sale by Auction. Terms and Conditions apply, see agentspropertyauction.com

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2,000+VAT (total £2,400

Location
The property is centrally located on the main shopping parade within Ashington town centre. The property is surrounded by many national operators including EE, Superdrug, O2, Subway, Boots, Savers, Card Factory, Greggs, Lloyds Bank and Halifax to name a few. Ashington is a busy town in Northumberland circa 16 miles north of Newcastle upon Tyne and benefits from good transport links, providing direct access to the A189 and 6 miles to the east of the A1.

Description
A mid terrace two storey property of brick construction under a pitch slate roof. The ground floor sales area has been fitted out in the standard Hays livery and format with the benefit of a Bureau de Change. The remainder of the ground floor is used as a kitchen/staff room and staff W.C. The first floor consists several store rooms.

Accommodation
The premises are arranged on ground and first floors with the following approximate areas.

Floor Area 
145 sq. m. (1,569.9 sq. ft.)

Rental Income
£12,000 per annum

Tenant
The property is current let to Hays Travel the U.K’s largest independent travel agents. 

Lease
Renewal of existing lease – A term of 9 years from and including 31^st July 2025 to and including 30^th July 2034. Tenant break clause 31^st July 2028 and July 2031. Review date fifth anniversary of contractual term. 

Yield
12.6 % based on a guide price of £95,000.

Auction Guide Price
£95,000 +

Viewing
Strictly by appointment through this office.

Tenure
Freehold.

Auction
Live online auction, bidding starts Tuesday 30^th September 2025, terms and conditions apply, see website agentspropertyauction.com