Green Lane, Gateshead, Tyne and Wear, NE10 0QW

Property Details: - Type: Property - Bedrooms: 3 - Bathrooms: 0

Agent: Pattinson - Commercial Phone: 0191 392 0913

For sale via secure sale online bidding - terms and conditions apply. <br/> <br/># Portfolio Investment Opportunity | Apartments 1-5, Green Lane, Gateshead, Tyne and Wear, NE10 0QW <br/> <br/>Substantial Mixed-Use Investment Portfolio | 5 Industrial Units | 5 Residential Apartments | Storage Containers | Established Income with Strong Asset Management Potential <br/> <br/>An exceptional opportunity to acquire a substantial mixed-use investment portfolio occupying a prominent position on Green Lane, Gateshead. <br/> <br/>The portfolio comprises five industrial/commercial units, five self-contained residential apartments, income-producing storage containers and generous on-site parking for both occupiers and customers. <br/> <br/>The property is currently producing a strong rental income from a diverse range of long-standing commercial and residential tenants, with clear scope to increase rental returns. Many of the existing rents have remained unchanged for a number of years and are considered to be below current market levels, presenting an attractive opportunity for investors seeking immediate asset management potential and future income growth. <br/> <br/>Commercial Accommodation <br/> <br/>The commercial element comprises five industrial/workshop units currently occupied by established local businesses including: <br/> <br/>Current commercial income: <br/> <br/>* Lees Tyres: £1,590 PCM <br/>* MOT Centre: £1,900 PCM <br/>* Double Engineering Company: £1,800 PCM <br/>* Proposed rent from owner-occupied unit: £2,000 PCM <br/>* Upper storage container with storage beneath: £600 PCM <br/> <br/>Residential Accommodation <br/> <br/>The residential element comprises five self-contained apartments offering an excellent mix of one, two and three-bedroom accommodation. <br/> <br/>Current rental income: <br/> <br/>* Flat 1 (2 Bedroom): £750 PCM <br/>* Flat 2 (1 Bedroom): £550 PCM <br/>* Flat 3 (1 Bedroom): £590 PCM <br/>* Flat 4 (3 Bedroom): £800 PCM <br/>* Flat 5 (2 Bedroom): Currently vacant with an estimated rental value of approximately £750 PCM. <br/> <br/> <br/>This is an ideal acquisition for private investors, property companies or portfolio landlords seeking a substantial mixed-use investment with multiple income streams, excellent long-term prospects and genuine opportunities to increase overall rental performance. <br/><br/>