Retail premises to let in Ocean Road, South Shields NE33

Offers over £15,000 pa (£288 pw)
Retail premises to let
Interested in this property? Call +44 330 038 7422 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Well presented property with Vacant Possession
  • South Shields currently undergoing a £100m regeneration scheme including new Metro Station, Leisure development, and public realm improvements
  • Nearby Occupiers Include: Morrisons, McDonalds, Barclays Bank, and The Post Office

Property description

Situation
The unit is situated on Ocean Road at the mid-point of South Shields, 9 miles east of Newcastle upon Tyne. The unit faces the pedestrian junction of Mile End Road, King Street, and Ocean Road and is adjacent to a mix of national and local retailers and leisure operators.

Accommodation
Arranged over ground, first, and second floors with loading provisions to the rear, the property provides the following approximate floor areas:

Gross Frontage
5.3 m
17‘ 5“

Ground Floor Sales
136 m²
1462 ft²

Ground Floor Ancillary
26 m²
283 ft²

First Floor
102 m²
1094 ft²

Second Floor
99 m²
1069 ft²

price
Freehold offers in excess of £125,000 exclusive are invited.
Alternatively a new Full Repairing & Insuring lease for a term to be agreed is available at £15,000 per annum exclusive.

EPC
The property has a Energy Performance Certificate of E 108 A copy of the EPC is available upon request.

Business rates

Rateable Value
£13,250

2021/2022 ubr
£0.499

Estimated Rates Payable (With relief)
£4,337

Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

Costs
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

Viewing
For enquiries, viewing, and general information, please contact:
Pete Townsend
E:
T: M:

Property info

Floorplan(s): Floorplan 1

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For more information about this property, please contact
@retail, NE28 on +44 330 038 7422 * (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 @retail, and do not constitute property particulars. Please contact @retail 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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