Leisure/hospitality for sale in Smiths Dock, North Shields NE29

Location
Smith’s Dock is located fronting the River Tyne approximately 1 mile South West of North Shields Town Centre and denotes the western end of the Fish Quay. The first phase of the development is now complete, with two Smokehouses buildings, home to 80 apartments, and 34 townhouses on “The Plateau”.
Commercial units can be found at ground floor levels of the Smokehouses, of which one unit is available.
Further phases of development of the 10 acre site will be bring further residential and commercial opportunities.

Description
Smokehouse B1 is a ground floor lock up commercial unit with wrap around glazing and spectacular views up and down the River Tyne. There is potential for a Table Licence by separate agreement to provide seating along its river frontage.
Smokehouse B2, its sister property in the opposite block, is now beautifully fitted out as a waterfront themed restaurant trading as 31 The Quay.

Accommodation
Accommodation is provided to shell specification with Concrete floors, capped off services and wrap-around glazed shopfront providing the following Approximate floor area:

Ground Floor Area
2042 sq ft
189.7 sq m

terms
The unit is offered by way of a the sale of a Long Leasehold Interest for a term of 125 years on Internal Repairing and Insuring terms at an annual peppercorn rent on payment of a Premium of £275,000 excl.
The external table Licence area is available by separate agreement based on a rent of £5sqft.

Rateable value
The premise have not yet been assessed for Business rates. Interested parties should make their own enquiries of the Valuation Office.

Service charge
An annual service charge is payable towards the repair of the structure and maintenance of landscaping and common parts which amounts to £2,997 excl for the year to December 2021.

EPC
An Energy Performance Certificate is available upon request from this office.

VAT
All figures are exclusive of Vat.

Viewing
To arrange an inspection or for further information, please contact:
Ian angus @retail:
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