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South Shields, 245 Prince Edward Road

Rent: £20,000 - £20,000

Region: Tyne and Wear

Town/City: South Shields


LOCATION / SITUATION
South Shields is located approximately 4 miles southeast of the Tyne Tunnel, 8 miles east of Newcastle
upon Tyne and 9 miles North West of Sunderland.  The unit sits at the mid-point of The Nook town centre
shopping parade on the corner of the central roundabout linking Sunderland Road with Prince Edward Road, with car parking and loading surrounding and a large area of public realm to the front.

Located on the prominent corner, the former Barclays bank has retailers including the likes of Virgin Money, Bargain Booze, Iceland, Greggs, Farm Foods neighbouring it, as well as a number of other national and local facias expected on a local high street.

 

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

Gross Frontage 17.6 m 57’ 9”
Shop Depth 7.6 m 24’ 11”
Ground Floor Sales 87.5 sqm 942 sq ft
GF Ancillary 4.5 sqm 48 sq ft

The unit presently has A2 planning consent but is suitable for a variety of uses.

 

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 £20,000 pa excl

 

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

Rateable Value £18,750
Rates Payable £9,206
Rates Payable to April 2021 nil

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 D100
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 agents @retail:
Ian Angus

Property type: Retail

Rateable value: £18,750

Planning use: A1 & A2

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