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Retail Property (high street) for sale

239-241 High Street, Gateshead, Tyne And Wear, NE8 1EP

Sold STC 9,012 sq. ft. | £250,000

Property Description

Commercial information

  • 9,012 sq ft (837 sq m)

Full description

Tenure: Freehold

To be Sold at Auction at 2.30pm on Thursday 15th December (unless sold prior or withdrawn)

239 - 241 High Street
Gateshead
NE8 1EP


Prominent corner part-let retail and leisure investment close to Trinity Square Shopping Centre

Guide Price: £250,000 - £300,000

Tenure
Freehold, subject to lease of upper floors to Ladies Fitness Studio Limited

Description
* Prominent corner site
* Ground floor sales of 4,430ft² previously let to Tesco Express
* Ground Floor ERV £35,000.
* First & second floors, extending to approximately 4,582ft², let to a fitness studio at £7,000 per annum until March 2021
* Nearby retailers include NatWest, Home Bargains, Poundland and Boots.

Solicitors
BLP Law
Adelaide House
London Bridge
London
EC4R 9HA
Contact: James Robinson / Elen Williams
Tel: 0203 400 1000
Email: james.robinson@blplaw.com

EPC Rating
C-66

VAT
We understand VAT is applicable in addition to the purchase price of this property.

Viewings
Tuesday 29 November - 10.30am
Thursday 8 December - 1.30pm
Tuesday 13 December - 10.30am

Note
Please note at the time of going to print these premises have not been inspected by a member of the Savills Regional Auction Team.
The above floor areas are for guidance purposes only. Prospective purchasers are advised to undertake their own measured survey of the property prior to purchase.

Ref: VK/JP


More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

Disclaimer - Property reference HighStGateshead15Dec16. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Nottingham Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills, Nottingham Auctions on 0115 934 8080.


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