Commercial property for sale in Boldon Lane, South Shields NE34

Location

The property is located on Boldon Lane which is a mixed residential and commercial area in the West Harton area of South Shields. Tyne Dock Metro Station lies to the north of the property and is within walking distance.

Description

The property comprises a mid-terraced ground floor retail unit and first and second floor maisonette. The retail accommodation extends to an sales area to the front with storage, kitchen and toilet facilities to the rear. The shop front is UPVC double glazed and protected with a steel security shutter. The unit has potential for a range of retail or office uses subject to receipt of planning approval.

To the first and second floor there is a Tenanted maisonette which extends to 3 bedrooms.

Accomodation

The Net Internal Area (NIA) of the Retail Unit is as follows:
50.45 sqm (543 sqft)

Services

We understand that all main services are connected to the property. There is no mains gas to the retail unit.
(All interested parties should satisfy themselves with the local service providers)

Rating Liability

The retail unit is assessed in the 2020 business rate list as having a Rateable Value of £4,750.

The Maisonette is accessed for Council Tax under Band A.

Tenure

Freehold

Rental Income

The maisonette is subject to an Assured Shorthold Tenancy Agreement (AST) The current passing rent is £550 pcm.

Price

The property is available at a guide price of £140,000.

Energy Performance Certificate

Full details upon request.

Legal Costs

Each party will be responsible for their costs in the transaction.

Money Laundering Regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser / Tenant will be required to provide two forms of identification and proof of the source of income.

Vat

All prices quoted are exclusive of VAT at the prevailing rate.