Land for sale in Fowler Street, South Shields, Tyne And Wear NE33

£100,000 (£2,675,675.68/ac)
Land for sale 0 ac*
Interested in this property? Call +44 191 686 1249 * or Request Details

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Property features

  • Ground floor fully let by way of new 10 year lease at A rent of £9,720 per annum
  • First floor vacant self-contained suite of 3 offices extending to 695 sqft with erv of £5,200 per annum
  • Offers in excess of £100,000 exclusive of VAT
  • Initial yield of 9.5% and reversionary yield of 15.6% on the letting of the first floor

Property description

For sale - retail investment - self-contained first floor office - prominent location in south shields

Location
South Shields is a coastal town located on the south side of the River Tyne and serves the wider South Tyneside area.

Fowler Street lies to the periphery of the main retail area close to King Street. The South Shields Metro station and bus terminal are within the immediate vicinity.

Other close by occupiers include Virgin Money, Leeds Building Society and Hays Travel.

Description
The ground floor shop, which has been used as an amusement arcade for many years, occupies a corner position on Fowler Street with Prince Georg Street and comprises a two-storey corner unit under a pitched roof. There are two access doors to the retail unit and separate access to the upper floors.

The upper floor offices comprise three rooms plus reception and benefit from a suspended ceiling and fluorescent strip lights.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Naylors Gavin Black LLP, NE1 on +44 191 686 1249 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Naylors Gavin Black LLP, and do not constitute property particulars. Please contact Naylors Gavin Black LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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