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South Shields, 125 Prince Edward Road

Rent: £12,500 - £12,500

Sale price: £115,000

Region: Tyne and Wear

Town/City: South Shields


LOCATION / SITUATION
South Shields is located approximately 4 miles south east of the Tyne Tunnel, 8 miles east of Newcastle upon Tyne and 9 miles North West of Sunderland.  The unit occupies a position on the popular Prince Edward Road, a parade to the south east of South Shields set within a dense residential area known as The Nook.  The unit sits at the western end of Prince Edwards Road
and is adjacent to V.I.P Dog Grooming Services and just down from Ramsdens pawn brokers, Tesco Express, the Post Office, Hays Travel, and a mix of other national and local tenants.

 

ACCOMMODATION
The premises offer the following approximate floor areas and dimensions arranged over the ground floor:

Net Frontage 4.8 m 15’ 11”
Internal Width (rear) 6.4 m 21’ 01”
Shop Depth 12.9 m 42’ 03”
Ground Floor Sales 61.1 sqm 658.1 sq ft
GF Store 29.1 sqm 313.7 sq ft
Staff Kitchentte 6.5 sqm 69.75 sq ft

TENURE
The premises are available by way of a new effectively full repairing and insuring lease for a term of years to be agreed at a rent of £12,500 pax.
Alternatively; The long leasehold interest of the ground floor is available for a premium of £115,000.

 

RATES
We are verbally advised by the local rating authority that the premises are assessed as follows:

Rateable Value £9,634
Rates Payable £3,730
Rates Payable w/ Relief £0.00

Interested parties should make their own enquiries of the local rating authority for verification of the actual rates payable.

 

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

 

ENERGY PERFORMANCE CERTIFICATE

According the EPC register, the rating for the unit is E104.  A full copy of the certificate is available on request.

 

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

 

VIEWING
Strictly by prior appointment joint agents @retail:
Pete Townsend
DD: 0191 280 4239
Mob: 07713 151 970
Email: pete@atretail.co.uk

Property type: Retail

Rateable value: £9,634

Planning use: A1

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