£550,000
Retail premises for sale
Property photos
Guide price
£550,000
Retail premises for sale
75 King Street, South Shields NE33Local area information
Property location
Nearby amenities
- South Shields Ferry Terminal 0.1 miles
- St Bede's RC Voluntary Aided Primary School, South Shields 0.4 miles
- Marine Park Primary School 0.4 miles
- North Shields Ferry Terminal 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for South Shields and North Shields to find out more about the local area.
Features and description
- Vacant Upper Floor Office for conversion
- Total Floor Area 343 sq.m. (3,690 sq.ft.)
- Close to public transport links.
- Adjacent to proposed new college
Investment Summary
75 King Street, South Shields, NE33 1DP
75 King Street comprises a freehold mixed-use investment opportunity with secure commercial income and significant value-add potential. The property benefits from fully let ground floor accommodation alongside vacant upper floors suitable for refurbishment or conversion, which has existing Permitted Development.
The freehold interest is available at £550,000. The property produces a total passing rent of £47,000 per annum, reflecting an initial yield of approximately 8.15%, before purchaser’s costs.
Income
The ground floor is let to three commercial occupiers producing a combined income of £47,000 per annum. Tenants include tbss Limited, Subway Realty Limited and British Heart Foundation, providing a diversified tenant mix with a combination of local and national covenants. Lease expiries extend through to 2027,2029 and 2032, offering a reasonable weighted average unexpired term.
Asset Management and Upside
The upper floors (first to third) are currently vacant and previously used as office accommodation, storage and welfare facilities. These floors present a clear opportunity for refurbishment or conversion, with Permitted Development already approved.
Potential uses may include residential accommodation, upgraded office space or alternative commercial uses, offering scope to materially enhance both rental income and capital value.
Location
The property occupies a central position on King Street, in the heart of South Shields town centre. The location is undergoing notable regeneration, including the proposed relocation of South Tyneside College and the Marine School to a nearby site, anticipated to host approximately 7,000 students annually. This investment is expected to drive increased footfall, strengthen occupier demand and support long-term growth in values.
The property is well served by public transport, with Metro links, a new transport interchange and car parking facilities close by.
Regeneration and Marine College Development
The property is located adjacent to a major regeneration initiative, including the proposed relocation of South Tyneside College and the South Shields Marine School to a nearby town-centre site. The new campus is anticipated to accommodate circa 7,000 students per annum, which is expected to significantly increase footfall and activity within this part of South Shields.
The delivery of the Marine College is expected to act as a long-term catalyst for regeneration, driving demand for local retail, leisure, office and residential accommodation. This development is likely to enhance rental tone, strengthen occupier demand and support future capital growth for investors benefiting from early positioning within the town centre.
Further Information
For further information or to arrange a viewing, please get in contact with:
Harry Towers
Bradley Hall
Tel: Email:
75 King Street, South Shields, NE33 1DP
75 King Street comprises a freehold mixed-use investment opportunity with secure commercial income and significant value-add potential. The property benefits from fully let ground floor accommodation alongside vacant upper floors suitable for refurbishment or conversion, which has existing Permitted Development.
The freehold interest is available at £550,000. The property produces a total passing rent of £47,000 per annum, reflecting an initial yield of approximately 8.15%, before purchaser’s costs.
Income
The ground floor is let to three commercial occupiers producing a combined income of £47,000 per annum. Tenants include tbss Limited, Subway Realty Limited and British Heart Foundation, providing a diversified tenant mix with a combination of local and national covenants. Lease expiries extend through to 2027,2029 and 2032, offering a reasonable weighted average unexpired term.
Asset Management and Upside
The upper floors (first to third) are currently vacant and previously used as office accommodation, storage and welfare facilities. These floors present a clear opportunity for refurbishment or conversion, with Permitted Development already approved.
Potential uses may include residential accommodation, upgraded office space or alternative commercial uses, offering scope to materially enhance both rental income and capital value.
Location
The property occupies a central position on King Street, in the heart of South Shields town centre. The location is undergoing notable regeneration, including the proposed relocation of South Tyneside College and the Marine School to a nearby site, anticipated to host approximately 7,000 students annually. This investment is expected to drive increased footfall, strengthen occupier demand and support long-term growth in values.
The property is well served by public transport, with Metro links, a new transport interchange and car parking facilities close by.
Regeneration and Marine College Development
The property is located adjacent to a major regeneration initiative, including the proposed relocation of South Tyneside College and the South Shields Marine School to a nearby town-centre site. The new campus is anticipated to accommodate circa 7,000 students per annum, which is expected to significantly increase footfall and activity within this part of South Shields.
The delivery of the Marine College is expected to act as a long-term catalyst for regeneration, driving demand for local retail, leisure, office and residential accommodation. This development is likely to enhance rental tone, strengthen occupier demand and support future capital growth for investors benefiting from early positioning within the town centre.
Further Information
For further information or to arrange a viewing, please get in contact with:
Harry Towers
Bradley Hall
Tel: Email:
More information
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