Retail Property (high street) for saleWestoe Road, South Shields, NE33
Fixed Price 96 sq. m. | £120,000
- 1,039 sq ft (96 sq m)
- Use class orders: A1 Shops
- Retail Property
- Ground Floor & Basement
- Prominent Position
- NIA Approximately 96.60m2 (1,039 sq. ft.)
- AWT £11,000
- Established Area
For sale under auction terms.
The property comprises of ground floor retail currently trading as 'Westoe News' which benefits from main sales area, internal storage/kitchen, WC and basement storage. NIA approximately 96.60m2 (1039.8 sq. ft.)
The subject property is located within Westoe Road around quarter of a mile outside South Shields main town centre. Westoe Road is one of the primary routes into the town from the east and is made up of various commercial businesses and residential property.
Ground floor sales area: 28.7m2 (308.9 sq. ft.) Internal storage: 18.4m2 (198 sq. ft.) Kitchen: 11.9m2 (128 sq. ft.) Basement: 37.60m2 (404.7 sq. ft.) NIA approximately 96.60m2 (1,039 sq. ft.)
We have been verbally advised that the business is enjoying a healthy £11,000 average weekly takings. Accounts available on request.(all interested parties must satisfy their own requirements prior to bidding.
The business benefits from:
Lottery, Pay Point, ATM on site, Newspapers, tobacco and liquor licence. Opening hours of 8am - 9pm.
EPC rating: E
The subject property is offered on unconditional sale terms and subject to Keith Pattinson General Conditions of Sale, a copy is contained within the auction brochure or online. This means that the successful purchaser will be required to exchange contracts on the day together with the submission of a 10% deposit subject to a minimum of £3600. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable offers are legally binding. As well as the deposit any successful buyer would have to pay (£650.00 pounds plus VAT) administration charge to Keith Pattinson Limited on any auction purchase.
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