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Retail premises for sale

£30,000 (£21.44/sq. ft)

Stanhope Parade, South Shields NE33

1,399 sq. ft*
Interested in this property? Call +44 191 686 1492 * or

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

Property features

  • Business for sale
  • By way of existing lease terms
  • Prominent position
  • Well established

Property description

Summary

Magenta VIP is an established hairdressing business located in a two floor end terrace premises situated within a two storey brick building. The property is fitted with full window frontage and secure access to the front. The unit has been fitted to a high standard with suspended ceilings. There is a staff area to the rear and W.C. Facilities. The first floor is fitted with three beauty rooms and a hair salon which is newly decorated with laminated flooring.

Location

The subject property is located on Stanhope Parade, South Shields. The units are within a small shopping parade situated within a residential area. The area is provided with good access routes close to the roundabout junction with Dean Road (B1301) and is a mile south of South Shields.

Accommodation

Ground floor
Retail area: 66.1m2
Storage/staff room: 10.6m2
W.C.


First floor


Retail area: 52.1m2

nia: 130m2

Business Details

The subject business is currently trading as 'Magenta VIP' has recently refurbished the the premises the business is trading in. It now has facilities such as spray tan room, massage room and beauty room as well as hair salon on ground floor, which the business owner tends to rent chairs out accordingly.

Lease Details

The property is let by way of a Law Society lease from the 19th February 2013 expiring on the 18th February 2020. The current rent passing is 8,500PA exclusive, subject to review on the 19th February 2018, based on increases in the Retail Price Index.

Rateable Value

The adopted rateable value is 6,500 as effective from 01 April 2010.
Source:

EPC

Available upon request.

VAT

We await confirmation if VAT is payable on this transaction.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Property info

What Zoopla users think of South Shields

Overall rating:

  • currently 4 stars
Very good - 77% (172 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Heworth (5.5 miles)
  • Sunderland (5.9 miles)
  • Manors (7.0 miles)
  • Newcastle Airport (11.0 miles)
  • Durham Tees Valley Airport (33.0 miles)
  • Leeds Bradford International Airport (78.0 miles)
  • Newcastle International Ferry Terminal (0.9 miles)
  • South Shields Ferry Terminal (0.9 miles)
  • North Shields Ferry Terminal (1.4 miles)

Nearby schools

View all schools in South Tyneside
  • Laygate Community School (0.1 miles)
  • Mortimer Primary School (0.4 miles)
  • St Bede's RC Voluntary Aided Primary School, South Shields (0.5 miles)
  • South Tyneside College (0.4 miles)
  • Groundwork South Tyneside and Newcastle (3.0 miles)
  • Monkseaton High School (3.4 miles)
  • Mortimer Community College (0.4 miles)
  • Park View School (0.6 miles)
  • St Wilfrid's RC College (0.7 miles)
Note: Distances are straight line measurements

Local info for South Tyneside

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Pattinson - Commercial, NE1 on +44 191 686 1492 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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