Rent: £11,000 - £11,000
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 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.
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|
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.
We are verbally advised that the premises are assessed as follows:-
|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.
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.
All figures quoted in these terms are exclusive of VAT where chargeable
Strictly by prior appointment through @retail:-
DD: 0191 280 4235
Mob: 07960 466211
Property type: Retail
Rateable value: £9,200
Planning use: A1
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