Retail Property (high street) for sale72 New Green Street, South Shields, NE33 5DL
Guide Price* 97 sq. m. | £78,000
- 1,044 sq ft (97 sq m)
- Ground Floor Retail with Two Bed Maisonette
- Freehold Purchase
- Retirement Sale
- Prominent Location
- Vacant Possession
FOR SALE BY AUCTION TERMS
Pattinson are bringing to the market the opportunity to purchase a three-storey building with an established ground floor retail unit which has been occupied as a deli for a number of years. The upper floors consist of a two bedroom maisonette which benefits from both a separate access or access through the retail space and has previously been let out with good incoming rent but is to be sold with vacant possession. The retail unit is to be sold with fixtures and fittings included and would be ideal for new or existing businesses to expand into.
The subject property is situated on New Green Street, which is leading off Frederick Street and Laygate. It is also near to the A194 (Western Approach) for accessibility via car and public transport. The property is located in a largely commercial area with neighbouring occupiers including Lidl, Lloyds Pharmacy, William Hill and Dickson's.
The Laygate area of South Shields is a busy area with both traffic and footfall passing through the area throughout the day. The property is located 1.1 miles south west of South Shields town centre, 7.6 miles north of Sunderland and 10.8 miles east of Newcastle upon Tyne.
Main sales area: 24.9m2 (268.03sq. ft)
Kitchen: 7.2m2 (77.5sq. ft)
Storage: 9.4m2 (101.18sq. ft)
Shed storage: 5.44m2 (58.56sq. ft)
Kitchen: 11.76m2 (126.59sq. ft)
Living room: 19.2m2 (206.67sq. ft)
Bedroom one: 5.43m2 (58.45sq. ft)
Bedroom two: 7.56m2 (81.4sq. ft)
Bathroom: 5.4m2 (58.13sq. ft)
There is also a shared yard space with the takeaway next door. Further details of this are to be found in the legal pack.
Freehold. Title number TY434198.
The adopted rateable value is £1,725 as effective from 01 APRIL 2010.
Available upon request.
Unless otherwise stated, all stated figures are expressed exclusive of VAT.
The subject property is offered on unconditional sale terms. This means that the successful bidder will be required to exchange contracts on the day together with the submission of a 10% deposit subject to a minimum of £3,600. 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 bids are legally binding. As well as the 10% deposit any successful bidder would have to pay (£650 plus VAT) admin charge on any auction purchase. Bidders should be aware that additional costs may be due within the special conditions of sale, if provided by the sellers solicitor. You should check this before bidding.
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*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 Pattinson Estate Agents, Commercial on 0191 4251507.
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