Office to let in Fowler Street, South Shields NE33

Location
The property is located within South Shields Town Centre in a prominent position on the popular Fowler Street. The property is on a main bus route and there is also ample parking within the immediate vicinity.

Description
Centrally heated first and second floor office accommodation with ground floor access from Fowler Street.

Accommodation
The property briefly comprises as follows:-

ft2 m2
First Floor
Office 1028 95.50

Second Floor
Office 453 42.08

total 1481 137.58

Tenure
A new Lease is available at a commencing annual rental of £6,000 for a term of years to be agreed (minimum 3 years) on an effective T.int&ins basis subject to 3 yearly Rent Reviews.

VAT

The rent is not subject to VAT.

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

Viewing
Contact – Marc Weaver or Alexa Reavley

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• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £4,850. 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

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
C4237

EPC

Energy Rating 124/E