Retail premises for sale in Fowler Street, South Shields NE33

Location
Fowler Street is a secondary retail pitch within South Shields Town centre linking Westoe Road to King Street. The property is located near to Beach Road, South Shields Town Hall and the main estate agency pitch and is also close to the public transport interchange.

Description
The property comprises ground floor self-contained retail unit with basement store. On the upper floors is a well presented 3/4 bedroomed residential unit arranged over 3 levels with access from the rear. There is secure car park to the rear of the property

Accommodation
The property briefly comprises as follows:-

Ground Floor Shop (No.92) ft2 m2
ft m
Sales Area Internal Width
Sales Depth
Sales Area 444 41.25

Kitchen 67 6.22

Basement
Store 271 25.18

Upper Floor Residential (No.94)
First Floor
1 bedroom & bathroom 155 14.40

Second Floor
2 bedrooms, kitchen/diner & bathroom
432
40.13

Third Floor
1 bedroom and storage 291 27.03

Externally
Yard with parking for 2-3 vehicles

Tenure
We are advised the property is freehold. The shop is occupied for storage under a tenancy at will however the entire property is to be sold with full vacant possession.

VAT

Figures quoted exclude VAT where chargeable.
Asking Price
Offers in the region of £85,000 (eighty-five thousand pounds)

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Mario Jaconelli or Alexa Reavley
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• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £6,000. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation. Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification

The upper floor flat falls within Council Tax Band A

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref C4288

EPC

No.92 Ground Floor Energy Rating 90/D
No.94 ff Flat – Awaiting information