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South Shields, 111 King Street

Rent: £20,000 - £20,000

Region: Tyne and Wear

Town/City: South Shields

South Shields is the principal commercial centre of South Tyneside and is located approximately 8 miles east of Newcastle upon Tyne. The subject premises are situated on the pedestrianised King Street which constitutes the main shopping pitch within the town centre. Nearby retailers include Poundland, Peacocks, Boyes, WH Smith and Greggs as identified on the attached Goad extract.


The accommodation is arranged on ground, basement first and second floors and offers the following approximate floor areas and dimensions:

Gross Frontage 22 ft 1″ 7m
Internal Width 20 ft 3″ 6m
Ground Floor Sales 1,718 sq ft 160 sq m
Ground Floor Ancillary 110 sq ft 10 sq m
First Floor Storage 1,187 sq ft 110 sq m
Second Floor Storage 1,410 sq ft 131 sq m

The premises are offered on the basis of a new FRI lease for a term to be agreed subject to five yearly rent reviews at an initial rent of £20,000 per annum exclusive.


We are verbally advised that the premises are assessed as follows:-

Rateable Value £22,000
Rates payable April 2019/20 £7,223

The above rates payable figure assumes the ingoing tenant will benefit from the Govt subsidy of 33.3% reduction for RV’s of less than £51,000 and applicable until at least April 2021.  Interested parties are advised to seek verification of the above from the Local Rating Authority.



An Energy Performance Certificate is available on application from this office.


All figures quoted in these terms are exclusive of VAT where chargeable


Each party will be responsible for their own legal costs incurred in connection with the transaction.


Strictly by appointment with @retail:
Ian Angus
DD: 0191 280 4235
Mob: 07960 466211

Property type: Retail

Rateable value: £22,000

Planning use: A1

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