Retail Property (high street) for sale

72 New Green Street, South Shields, NE33 5DL

Guide Price* 97 sq. m. | £90,000

Property Description

Commercial information

  • 1,044 sq ft (97 sq m)

Full description

FOR SALE BY AUCTION on 29th November 2016 at 5PM. Starting Bid 100,000 Auction to be held at Newcastle Falcons Rugby Ground, Kingston Park, Newcastle upon Tyne. Terms & Conditions Apply.

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.

LOCATION
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.

ACCOMMODATION
Retail Accommodation
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)

Residential Accommodation
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)

NIA: 96.92m2

There is also a shared yard space with the takeaway next door. Further details of this are to be found in the legal pack.

TENURE
Freehold. Title number TY434198.

RATEABLE VALUE
The adopted rateable value is 1,725 as effective from 01 APRIL 2010.

EPC
Available upon request.

VAT
Unless otherwise stated, all stated figures are expressed exclusive of VAT.

AUCTION INFORMATION
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.

Nearest stations

  • Chichester (0.2 mi)
  • South Shields (0.5 mi)
  • Tyne Dock (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Chichester (0.2 mi)
  • South Shields (0.5 mi)
  • Tyne Dock (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2327. 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 Pattinson Estate Agents, Commercial. 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 Pattinson Estate Agents, Commercial on 0191 2324392.


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