Retail Property (high street) to rent

58 - 66 Ocean Road, South Shields, NE33 2JD

4,328 sq. ft. | £36,000 pa| £3,000 pcm

Property Description

Commercial information

  • 4,328 sq ft (402 sq m)
  • Use class orders: A1 Shops

Letting information:

Letting type: Commercial

Key features

  • Situated at a busy junction
  • Suitable for a range of alternative uses
  • Open plan configuration
  • Good quality accommodation
  • 4,328 Sq Ft

Full description

Location:

The property is situated at the busy junction of Ocean Road and Anderson Street in close proximity to Morrisons
Supermarket, British Heart Foundation Furniture & Electrical unit and adjoining a range of local hot food take away and restaurant operations.

Description:

The unit previously traded as an amusement arcade but would be suitable for a range of alternative uses. The property provides an open plan configuration and benefits from good quality accommodation and security shutters.

The property is available by way of an assignment of the existing lease which is for a term of 15 years and due to expire on 30 July 2020. The lease is drawn on effectively full repairing and insuring terms and incorporates five yearly rent reviews. The current passing rent is 36,000 per annum. Alternatively the property will be available by way of a sublease for a shorter term on terms to be agreed.

Incentives:

The existing tenant is prepared to offer attractive incentives to ingoing tenants. Further information is available from the joint agents.

Planning:

The property is currently classified under sui generus use, however, it is likely therefore that alternative uses will require a change of use. The property would potentially be suitable for restaurant or retail use and all initial discussions should be conducted with the agents.

More information from this agent

Nearest stations

  • South Shields (0.2 mi)
  • Chichester (0.6 mi)
  • North Shields (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

@retail, Newcastle Upon Tyne

Cobalt Business Exchange, Cobalt Way, Newcastle Upon Tyne, NE28 9NX

0191 687 0662 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

  • South Shields (0.2 mi)
  • Chichester (0.6 mi)
  • North Shields (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

@retail, Newcastle Upon Tyne

Cobalt Business Exchange, Cobalt Way, Newcastle Upon Tyne, NE28 9NX

0191 687 0662 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 - Administration fees may apply when renting a property in England, Wales or Northern Ireland. For more details, please contact the agent.

Property reference 58_66_OceanRd_NE332JD. 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 @retail, Newcastle Upon Tyne.

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