Retail premises for sale

South Frederick Street, South Shields NE33

Summary

The subject property is a mixed use investment which comprises of four ground floor retail premises and a 4 bedroom flat above. One unit is currently let at 4,200 per annum.

Location

The subject is located within Barnes Road and South Frederick Street, South Shields situated just off the A194 (Western Approach). This area of South Shields is popular with students as the South Tyneside College is within 1 mile.

Accommodation

9a Barnes Road: 10.0m x 4.5m, electric in unit.
NIA approximately 45m2 (484.38 sq. Ft).

9b Barnes Road: Ground floor 5.1m x 3.7m, first floor 7.1m x 3.5m, water and electric.
NIA approximately 43.72m2 (470.6sq. Ft.).

214a South Frederick Street: Shop front: 5.3m x 3.6m, commercial kitchen 4.3m x 3.6m, storage 1.1m x 2.3m, electric and water.
NIA 38.24m2 (411.61 sq. Ft).

Tenancy Details

214a South Frederick Street: We are verbally advised that the tenant is paying approximately 4,420 pounds per annum.

Tenure

Freehold title.

EPC

We currently await a copy of the Energy Performance Certificates.

Rateable Value

9b Barnes Road:
The adopted rateable value is to be confirmed, as effective from 01 April 2023. Source

9a Barnes Road:
The adopted rateable value is to be confirmed, as effective from 01 April 2023. Source

212 South Frederick Street:
The adopted rateable value being 2,800 per annum. As effective from 01 April 2023. Source

214a South Frederick Street:
The adopted rateable value being 2,175 per annum. As effective from 01 April 2023. Source

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.