South Shields, 22 Market Place

Rent: £11,000 - £11,000

Region: Tyne and Wear

Town/City: South Shields

LOCATION
South Shields is the principal commercial centre of South Tyneside and is located approximately 8 miles east of Newcastle upon Tyne. The subject property is situated on Market Place, a continuation of prime pedestrianised King Street and in an area which has seen substantial Local Authority expenditure and investment in recent years. The popular town centre market takes place three days a week and nearby occupiers include Heron Foods, Bright House and Wilkinsons as indicated on the attached Goad extract.

 

ACCOMMODATION
The accommodation is arranged on ground, first andsecond floors and offers the following approximate floor areas and dimensions:-

Gross Frontage	15 ft 2 ins	4.6 m
Internal Width	21 ft 10 ins	6.65 m
Ground Floor Sales	880 sq ft	82 sq m
Ground Floor Ancillary	48 sq ft	4.44 sq m
First Floor Storage	541 sq ft	50 sq m
Second Floor Storage	560 sq ft	52 sq m

LEASE TERMS
The premises are available by way of a new fully repairing and insuring lease for a term to be agreed at a commencing rental of £11,000 per annum exclusive.

 

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

Rateable Value	£9,200
Rates Payable April 2019/20	£4,517

As the RV is below £12,000, occupiers for whom this property forms their sole trading premises will not pay business rates.  Interested parties are advised to seek verification of the  above from the Local Rating Authority.

 

LEGAL COSTS
Each party will bear their respective legal costs incurred in connection with the transaction.

 

ENERGY PERFORMANCE CERTIFICATE
An EPC is available upon request from this office. The category rating is D.

 

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

 

VIEWING
Strictly by prior appointment through @retail:-
Ian Angus
DD: 0191 280 4235
Mob: 07960 466211
Email: iana@atretail.co.uk