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Retail Property (high street) for sale

9a, 9b Barnes Road and 212, 214a South Frederick Street, South Shields, NE33

Under Offer £149,950
1 sq. m.

Property Description

Commercial information

  • 10 sq ft (1 sq m)

Key features

  • Investment Opportunity
  • Freehold title
  • 3 x Ground floor units
  • First floor accommodation

Full description

Tenure: Freehold

The subject premises comprises of three ground floor retail premises with a three bedroom upper flat. 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 VALUES
9b Barnes Road:
The adopted rateable value being 1,250 pounds per annum. As effective from 01 APRIL 2010. Source www.voa.gov.uk

2a Barnes Road:
The adopted rateable value is to be confirmed, as effective from 01 APRIL 2010. Source www.voa.gov.uk

212 South Frederick Street:
The adopted rateable value being 2,425 pounds per annum. As effective from 01 APRIL 2010. Source www.voa.gov.uk

214a South Frederick Street:
The adopted rateable value being 1,875 pounds per annum. As effective from 01 APRIL 2010. Source www.voa.gov.uk


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