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South Shields, 64 – 66 King Street

Rent: £50,000 - £50,000

Region: Tyne and Wear

Town/City: South Shields


LOCATION
South Shields is located approximately 4 miles south east of the Tyne Tunnel, 8 miles east of Newcastle upon Tyne and provides the principal commercial centre for South Tyneside.  The unit sits on a prime spot within the pedestrianised centre.

 

DESCRIPTION
The property comprises a large shop with sales area, staff room, office and storage space on the ground floor.  The first and second floors are ancillary storage areas.

 

ACCOMMODATION

Ground Floor Sales 277 m² 2,981 sq ft
Ground Staff/Office/Storage 27 m² 292 sq ft
First Floor 290 m² 3,121 sq ft
Second Floor 270 m² 2,906 sq ft

Alternatively, there is potential to split the ground floor into two units of around 1,700 sq ft each. Please contact @retail for further details. Plans available upon request.

 

TENURE
The premises are available on a new Full Repairing and Insuring lease via a service charge provision for a term to be negotiated.

 

RENT
Rental offers in the region of £50,000pa for the full premises invited.

 

RATES
According to the Valuation Office Website – https://www.gov.uk/correct-your-business-rates The 2017 Rating Assessment puts the Rateable Value of the property at £66,500.  Interested parties should make their own enquiries as subject to individual circumstances the actual amount payable may vary.

 

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

 

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Rating of the property is E110. A full copy of the Energy Performance Certificate is available on request.

 

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

 

VIEWING
Strictly by appointment with Ian Thurlbeck or Pete Townsend at @retail;
Ian Thurlbeck

iant@atretail.co.uk
dd 0191 280 4236
Mobile 07515 831417

Or
Pete Townsend

pete@atretail.co.uk
dd 0191 280 4239
Mobile 07713 151970

Property type: Retail

Rateable value: £66,500

Planning use: A1

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