Property photos
£8,000 pa
(£9.09/sq. ft. pa)
Retail premises to let
Albemarle Street, South Shields NE33880 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- Marine Park Primary School 0.2 miles
- St Bede's RC Voluntary Aided Primary School, South Shields 0.3 miles
- South Shields Ferry Terminal 0.3 miles
- North Shields Ferry Terminal 0.7 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
- Town Centre retail unit
- Located just off Fowler Street
- On street parking nearby
- Ground floor only
- Sales Area 880 ft (81.75 m2)
- Suit variety of uses
Location
Albemarle Street is located just off Fowler Street which is a well established secondary shopping location within South Shields Town Centre. The unit adjoins Leeds Building Society. The property benefits from good transport links being within close proximity to a number of public car parking and South Shields Transport Interchange for Public Transport Links.
Description
The property is arranged on ground floor only comprising well presented sales shop with washroom facilities to the rear. The property was occupied as a Nail Salon for a number of years and would be suitable for this or a number of other uses.
Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor ft m
Sales Area Internal Width 16’3” 4.95
Decreasing to 18’1” 5.51
Sales Depth 36’2” 11.02
Sales Area 880 81.75
Washroom
Tenure
A new Lease is available at a commencing annual rental of £8,000 for a term of years to be agreed (minimum 3 years) on an effective basis with service charge provisions subject to 3 yearly Rent Reviews.
Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.
Viewing
Contact – Marc Weaver or Alexa Reavley
•
•
• VAT
Figures quoted exclude VAT where chargeable.
Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £7,200. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.
Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification
Money Laundering Regulations
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.
Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.
Ref
C4276
EPC
Energy Rating 28/B
Albemarle Street is located just off Fowler Street which is a well established secondary shopping location within South Shields Town Centre. The unit adjoins Leeds Building Society. The property benefits from good transport links being within close proximity to a number of public car parking and South Shields Transport Interchange for Public Transport Links.
Description
The property is arranged on ground floor only comprising well presented sales shop with washroom facilities to the rear. The property was occupied as a Nail Salon for a number of years and would be suitable for this or a number of other uses.
Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor ft m
Sales Area Internal Width 16’3” 4.95
Decreasing to 18’1” 5.51
Sales Depth 36’2” 11.02
Sales Area 880 81.75
Washroom
Tenure
A new Lease is available at a commencing annual rental of £8,000 for a term of years to be agreed (minimum 3 years) on an effective basis with service charge provisions subject to 3 yearly Rent Reviews.
Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.
Viewing
Contact – Marc Weaver or Alexa Reavley
•
•
• VAT
Figures quoted exclude VAT where chargeable.
Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £7,200. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.
Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification
Money Laundering Regulations
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.
Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.
Ref
C4276
EPC
Energy Rating 28/B
More information
Listed by
Lofthouse and Partners Ltd
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