Property photos
Leasehold
£200,000
(£160.00/sq. ft)
Property for sale
Farringdon Road, Cullercoats NE301,250 sq. ft
Local area information
Property location
Nearby amenities
- St Marys Roman Catholic Primary School Aided 0.2 miles
- Monkhouse Primary School 0.3 miles
- North Shields Ferry Terminal 2 miles
- South Shields Ferry Terminal 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Whitley Bay to find out more about the local area.
Features and description
- Leasehold
- Investment opportunity
- End Terraced single storey unit.
- Sought after location.
- Scope for rental growth.
Investment
The property comprise a single storey, end terrace retail unit for sale currently subject to a lease to Curves Ladies Gym until 2026.
The property forms part of a busy parade of retail units which benefit from a good level of passing trade.
Location
The property is located in Cullercoats which is a popular residential area lying between Whitley Bay and Tynemouth. The property forms part of a busy parade of retail units which benefit from a good level of passing trade.
Description
The property comprises a single storey accommodation with potential for a range of uses.
Currently occupied by Curves Gym until 2026 at £9,800 per annum inclusive of VAT.
Accomodation
The Net Internal Area (NIA) is as follows:
116sqm (1250sqft).
Services
We understand that Electric and water are connected to the property. (All interested parties should satisfy themselves with the local service providers).
Planning
We understand that the premises have planning permission for use as designated under class E of the Town and Country (Use Classes) Order 1987 (as amended)
Rating Liability
According to the Valuation Office Agency (voa) website and the premises has a Rateable Value of £10,250.
Energy Performance Certificate
The EPC rating for the property is 101(E). A full copy of the report is available upon request.
Price
Our client is seeking £200,000 for the long leasehold interest.
Vat
All prices quoted are exclusive of VAT at the prevailing rate.
Money Laudering
In accordance with the Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.
Costs
Each party will be responsible for their costs in the transaction.
Client Monies Protection Scheme
R A Jackson & Son llp is a proud member of the RICS. The RICS Client Money Protection for Residential Agents scheme has been approved by Government under the The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018. This means that RICS registered firms holding money in the areas covered by the regulations, will have met the requirements under The Client Money Protection Scheme for Property Agents Regulations (2018) to belong to an approved scheme. Further information can be found at
Property Redress Scheme
R A Jackson & Son llp are part of The Property Ombudsman. Membership number T01923.
The property comprise a single storey, end terrace retail unit for sale currently subject to a lease to Curves Ladies Gym until 2026.
The property forms part of a busy parade of retail units which benefit from a good level of passing trade.
Location
The property is located in Cullercoats which is a popular residential area lying between Whitley Bay and Tynemouth. The property forms part of a busy parade of retail units which benefit from a good level of passing trade.
Description
The property comprises a single storey accommodation with potential for a range of uses.
Currently occupied by Curves Gym until 2026 at £9,800 per annum inclusive of VAT.
Accomodation
The Net Internal Area (NIA) is as follows:
116sqm (1250sqft).
Services
We understand that Electric and water are connected to the property. (All interested parties should satisfy themselves with the local service providers).
Planning
We understand that the premises have planning permission for use as designated under class E of the Town and Country (Use Classes) Order 1987 (as amended)
Rating Liability
According to the Valuation Office Agency (voa) website and the premises has a Rateable Value of £10,250.
Energy Performance Certificate
The EPC rating for the property is 101(E). A full copy of the report is available upon request.
Price
Our client is seeking £200,000 for the long leasehold interest.
Vat
All prices quoted are exclusive of VAT at the prevailing rate.
Money Laudering
In accordance with the Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.
Costs
Each party will be responsible for their costs in the transaction.
Client Monies Protection Scheme
R A Jackson & Son llp is a proud member of the RICS. The RICS Client Money Protection for Residential Agents scheme has been approved by Government under the The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018. This means that RICS registered firms holding money in the areas covered by the regulations, will have met the requirements under The Client Money Protection Scheme for Property Agents Regulations (2018) to belong to an approved scheme. Further information can be found at
Property Redress Scheme
R A Jackson & Son llp are part of The Property Ombudsman. Membership number T01923.
More information
Listed by
R A Jackson & Son
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - R A Jackson & Son. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact R A Jackson & Son for full details and further information.