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Osborne Road, Newcastle Upon Tyne

£675,000  Offers Over
  • House
  • 8 Bedrooms
  • 8 Bathrooms
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**Freehold Investment Opportunity – Ground Floor Offices & Eight Residential Studio Apartments**£57,600 Annual Rental Income / 8.5% Gross Yield** A rare opportunity to acquire an entire three storey nineteenth century terraced property, currently arranged as offices and eight separate studio apartments. The location is notable, occupying a prominent Osborne Road frontage, centrally positioned within reach of all Jesmond amenities.
Arranged over the entire ground floor, and currently let until August 2025 the offices exceed 1,100 square feet and include a 17ft Reception or Third Office, two further separate offices, a Kitchen, a Store Room and a Cloak Room / WC. With access from both the Communal Hallway and a private rear entrance the ground floor offices show potential for conversion to an apartment or studio flats, subject to obtaining any necessary consents. Occupying the first and second floors the eight studio apartments are let individually on Assured Shorthold Tenancies. An unconverted loft space (previously used for storage) indicates further potential, subject to obtaining any necessary consents. Externally there is a town front garden and a large rear yard providing multiple car parking spaces.

 
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