£150,000
(£54.68/sq. ft)
Retail premises for saleKing Street, South Shields NE33
2,743 sq. ft
Added on
@retail
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About this property
Significant £100million Town Centre Regeneration, including new Transport
Suitable for a variety of uses under Use Class E.
Ground Floor Sales of 123 sq m (1,324 sq ft) and upper floors.
Dedicated car parking/servicing to the rear.
Nearby occupiers Boyes Discount Store, Cooplands Baker, Lloyds Bank, Bon Marche
Location
South Shields is located approximately 4 miles south-east of the Tyne Tunnel, 8 miles east of Newcastle upon Tyne and provides the principal commercial centre for South Tyneside.
South Shields is undergoing significant town centre regeneration, with improvements to the public realm and the redevelopment of vacant properties into residential use. The relocation of South Tyneside College to King Street is also expected to drive increased footfall and revitalise the surrounding area.
Accommodation
Arranged over ground, first, second and third floors:
Ground Floor Sales 123 M² 1,324 ft²
First Floor 41 M² 442 ft²
Second Floor 44 M2 473 ft2
Third Floor 46.8 M2 504 ft2
Lease terms
Freehold offers in excess of £150,000 excusive are invited.
A new Full Repairing & Insuring lease for a term to be agreed is available at £18,000 per annum exclusive.
EPC
The property has an Energy Performance Certificate of D. A full copy of the EPC is available upon request.
Business rates
Rateable Value £12,500
2026/2027 ubr £0.432
Estimated Rates Payable £5,400
Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
Costs
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.
Aml
In accordance with Anti Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.
Viewing
For enquiries, viewing, and general information, please contact @retail
Oliver Sunderland
E:
M: Ian Thurlbeck
E:
M:
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