Rent: £33,000 - £33,000
Region: Tyne and Wear
Town/City: South Shields
LOCATION/SITUATION
The property is centrally situated within a modern block of property on Pedestrianised King Street, the principal shopping thoroughfare in the Town Centre. Nearby retailers include Boyes Dept Store, New Look, Barclays Bank, JD Sports and Boots as indicated on the attached street traders plan.
ACCOMMODATION
Arranged over ground floor and basement only, with the following approximate floor areas and dimensions:
| Internal Width | 19’ 6” | 5.9m |
| Ground Floor | 1,288 sqft | 119.6 sqm |
| Basement | 1,753sqft | 162.9 sqm |
LEASE TERMS
A new effective Full Repairing & Insuring lease for a term to be agreed is available at a rent of £33,000 per annum exclusive.
EPC
The property has an Energy Performance rating of C (73).
SERVICE CHARGE
A service charge is payable to cover the costs of the maintenance of the exterior structure and common parts. The budget figure for 2025 is £6,120 excl.
BUSINESS RATES
| Rateable Value | £26,000 |
| Rates Payable April 24/25 | £12,974 |
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 @retail:
Ian Angus
iana@atretail.co.uk
07960 466211
Oliver Sunderland
oliver@atretail.co.uk
07943 836058
Property type: Retail
Rateable value: £26000
Planning use: E Class
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