This is Cornerlot's full analysis of one of today's lots, open to everyone as an example. With access you get it for every lot. Create an account →
Savills · 21 Oct 2026 · in 2 days
High Yielding Retail Investment
42-44 Station Road, Ashington, Northumberland, NE63 9UJ · North East
LiveRetailFreeholdLet
- Guide
- £205,000
- Rent a year
- £26,500
- Yield on the guide
- 12.9%
- Payback
- 7.8 yrs
- Net yield, after buying costs
- 12.58%on £210,700 all in
- Likely to sell for
- £226,000 to £262,000half of 15 Savills retail lots sold in this band
- Energy rating
- E
- Size
- 6,862 sq ft£3.86 rent per sq ft
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
| Price | £205,000 |
|---|---|
| Buyer's feeinc. VAT | £2,100 |
| Stamp Duty Land Taxnon-residential rates | £1,100 |
| assumption, inc. VAT | £2,500 |
| Total to own it | £210,700 |
Savills' standard buyer's fee, from its published terms (checked 2026-10-15). A lot's special conditions can add more: check the legal pack. Tax uses non-residential rates checked 2026-10-15. Gross figures, before running costs. Not advice.
What it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
Half of the 15 Savills retail lots with a published price sold between 1.10× and 1.28× their guide; the middle one at 1.20×. On this guide that's £226,000 to £262,000, most likely about £247,000, which would make the net yield 10.47%.
76% of the 29 Savills retail lots offered found a buyer, before or at the auction. A quarter of those sales went above the band and a quarter below it: it's a guide to the room, not a valuation.
Energy rating
- A
- B
- C
- D
- E
- F
- G
E from the government EPC register, lodged 7 Jul 2021 (certificate 1351-7767-5476-6326-9574). Rated E: lettable today, the lowest band that is. Proposals to raise the minimum for commercial lets have been consulted on, so check what upgrades would cost.
How it compares
| This lot | Retail, North East | Retail, UK | |
|---|---|---|---|
| Yield on the guide | 12.9% | 12.4% | 12.5% |
| Guide | £205,000 | £81,000 | £121,000 |
| Rent per sq ft | £3.86 | £6.35 | £13.16 |
| Live lots | 7 | 145 |
Medians of live lots with published figures, at least five per cell. Rent per sq ft includes past lots.
History
- First listed on Cornerlot 11 Oct 2026.
Savills' record
- Sale rate
- 68%88 lots offered
- Typical price vs guide
- 1.13×37 sales with a published price
- Sold before auction
- 19
- Live lots now
- 75
About the lot
Freehold retail lot in Ashington. Producing £26,500 a year, a 12.9% gross yield at the guide.
High Yielding Retail Investment Occupying a Prime Position on a High Footfall Street Retail Unit Let to Sense until November 2036 and Second Floor Let to Gladwin Dance and Drama School Until June 2036 Investment Let at £26,500 per annum (12.92% GIY on Guide Price). High Yielding Retail Investment. Retail Unit and Two-Upper Storeys. Fully-Let Until 2036. Well-Located in Ashington Town Centre. Located on a High Footfall Street. Comprises 6,862 sq ft (637.50 sqm). Investment Let at £26,500 per annum (12.92% GIY on Guide Price). The property comprises a ground and first floor retail unit let to Sense, who trade from the ground floor and use the first floor for storage and back of house facilities. The second floor is self-contained and accessed via a ground floor entrance on to Station Road. It comprises a large open-plan room for the studio along with some ancillary rooms. Tenancy: The ground and first floors are let entirely to Sense the National Deafblind and Rubella Association on a lease expiring 11.07.2036. The lease is subject to a break clause and an RPI-linked review in 2031. The passing rent is £23,500 per annum. The second floor is let to The Gladwin School of Dance and Drama on a lease expiring 06.10.2036. The lease is subject to an RPI-linked review in 2031 with no break clause. The passing rent is £3,000 per annum. Tenure: Freehold. The property occupies a central position on Station Road, Ashington's principal retail and commercial thoroughfare, within the town centre and close to a range of retail, leisure and community occupiers.
Figures come from Savills' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.