Retail premises to let in Nile Street, North Shields NE29

Location

The premises are situated in the centre of North Shields Town Centre close to the newly redeveloped Transport Hub and Metro Station and Town Square.

North Shields is a densely populated residential and commercial which has seen much redevelopment recently.

North Shields is approximately 7 miles to the east of Newcastle and 1 mile to the west of Tynemouth.

Description

The premises comprise accommodation over two floors. The ground floor provides a generous sales area with a large display frontage to Nile Street. The first floor provides further storage accommodation together with a kitchen area and toilet facilities.

To the rear of the property is a small yard area.

The premises are suitable for a wide range of business uses.

Accommodation and Floor Areas

Ground Floor 391 sq.ft 36.3 sq.m

First Floor 354 sq.ft 32.8 sq.m

WC

Rear yard area.

Lease Terms

The premises are available on a new lease for a term to be agreed, subject to a minimum term of 3 years.

The lease would be on effectively tenant full repairing and insuring terms.

Rent

£140 per week exclusive payable monthly in advance.

Purchase Price

Offers in the region of £75,000 freehold.

Business Rates

Rateable value £9,600

The premises would qualify for 100% Small Business Rates Relief.

EPC: Awaiting EPC

Viewing

Strictly by appointment with Rod Bennett Commercial Property Consultants.