Live Auction on Tuesday 31st March 2026 – Option 2
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 situated on Saville Street West, a well-established commercial parade within the popular coastal town of North Shields. The area benefits from a good mix of local retailers, independent businesses, and service providers, generating consistent footfall and passing trade throughout the day.
The property is conveniently positioned within close proximity to North Shields Town Centre, offering a wide range of shopping, leisure, and public amenities. Excellent public transport links are available nearby, including Tyne and Wear Metro services from North Shields Metro Station, providing regular connections to Newcastle upon Tyne, Tynemouth and the wider region. The surrounding area is predominantly residential with a number of established commercial occupiers nearby, making the location well suited for a variety of retail or service-based businesses, while also benefiting from strong local demand for residential accommodation.
Description
An attractive mixed-use investment property comprising a ground floor commercial unit and a self-contained two-bedroom flat above, offering both immediate income and future potential.
The property is arranged over two storeys and constructed of traditional brick beneath a pitched slate roof. The upper floor provides a well-proportioned two-bedroom residential flat, which is currently let to a long-standing tenant producing an annual rental income of £4,740 (£395 pcm).
The ground floor commercial unit, previously operating as a salon, is currently vacant and ready for immediate occupation, presenting an excellent opportunity for an owner-occupier or investor seeking to increase the property’s income potential.
The unit retains some existing salon fixtures and fittings and comprises a main salon/retail area, two treatment or storage rooms, a W/C, and an additional rear room. The commercial accommodation extends to approximately 55.68 sq. m. (599.33 sq. ft.).
Tenure
Freehold
Auction Guide Price
£75,000 +
Auction
Live online auction, bidding starts Tuesday 31st March 2026, terms and conditions apply, see website agentspropertyauction.com
Rateable Value (Commercial)
The 2026 Rating List entry is Rateable Value £ 6,500
As the RV is below £12,000, occupiers for whom this property forms their sole trading premises will not pay business rates. We advise to seek verification of the above from the Local Rating Authority.
Council Tax Band (Flat)
A
EPC Rating
D (Commercial Unit)
E (Residential Flat)
Viewing
Strictly by appointment through this office.
