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South Shields, 177-179 Prince Edward Road
South Shields, 177-179 Prince Edward Road
South Shields, 177-179 Prince Edward Road

Rent: £15,500 - £15,500

Sale price: £Price on Application

Region: Tyne and Wear

Town/City: South Shields


SITUATION
The unit is situated at the mid-point of the popular shopping parade in The Nook, South Shields, 4 miles south east of the Tyne Tunnel, 8 miles east of Newcastle upon Tyne and 9 miles North West of Sunderland.

 

ACCOMMODATION
Arranged over ground & first floors with loading provisions to the rear:

Ground Floor Sales 77.8 m² 838 ft²
First Floor WC 4.2 m² 45 ft²
First Floor Ancillary 45.2 m² 487 ft²

The property lends itself to potential conversion of the first floor to residential subject to consents.

 

LEASE TERMS
A new Full Repairing & Insuring lease for a term to be agreed is available at £15,500 per annum exclusive.

 

FREEHOLD
Alternatively the freehold for the property is available, with offers sought In excess of £140,000 exclusive.

 

EPC
The property has a Energy Performance Certificate of E 123. A copy of the EPC is available upon request.

 

BUSINESS RATES

Rateable Value £12,750
2021/2022 UBR £0.499
Estimated Rates Payable £6,363

Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

 

COSTS
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

 

VIEWING
For enquiries, viewing, and general information, please contact:
Pete Townsend
E: pete@atretail.co.uk
M: 07713 151 970

Property type: Retail

Rateable value: £12750

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