Retail premises for sale

Claypath Road, South Shields NE33

South Shields is a coastal town located in the northeast of England, in the metropolitan borough of South Tyneside, Tyne and Wear. Situated along the southern bank of the River Tyne, it’s known for its rich maritime history, scenic beaches, and vibrant local culture.

The town is well-connected, with regular bus and Metro services linking it to nearby Newcastle upon Tyne and the surrounding areas. South Shields offers a blend of traditional seaside charm and modern amenities.

Situation

The subject property is situated in a prominent roadside position, fronting Crossgate which is a main
route into South Shields town center from Western approach.
The location is on the fringe of South Shields town centre and the areas surrounding comprise a mix of residential and commercial uses. Opposite the subject property is a petrol filling station and a gym operated by the Gym Group. The surrounding residential areas are densely populated comprising terraced streets. According to
the 2021 census, the population of South shields was 75,337, making it the fourth largest settlement in Tyne and Wear after Newcastle, Sunderland and Gateshead.

Starbucks Coffee Company (UK) Limited
15 year lease term
Rent Review Every 5th anniversary of
the lease subject to rpi uplifts only
£84,990 per annum
1,840 sqft

Indigo Sun Retail Limited
15 years term
Break option at 10th anniversary of the lease
Rent Review Every 5th anniversary subject to Open Market
£30,000 per annum (6 months rent free from term commecenement)
1,200 sq ft

dp Realty Limited
10 year term
Break at 5th anniversary
£30,000 per annum (9 months rent free)
1,200 sq ft

4 Greggs Plc
10 years lease
Rent Review Every 5th anniversary subject to rpi
£30,000 per annum (9 months rent free)
1,200 sq ft

EV Charging Gridserve
Electric Hubs Limited
30 year term
Rent review every 12th month anniversary subject to cpi linked reviews.
£36,000 per annum
8 bays £4,500 per bay
Contracted out

Quoting Price: £3,300,000
niy: 6%