Albion Road, North Shields

Location - The property is located on the northern edge of North Shields, is positioned on Albion Road and forms part of a mixed commercial/residential area which is within walking distance of North Shields town centre. This is a prominent position which benefits from a significant level of passing traffic.

Description - The property comprises a prominently positioned large mid-terraced commercial building which provides open plan accommodation to both ground and first floors. Externally there is an enclosed yard to the rear providing car parking for a number of vehicles.

The property is suitable for use as a showroom or for a variety of commercial uses subject to receipt of planning permission.

Accommodation - The Gross Internal Area (GIA) is as follows:

549 sqm (6394 sqft)

Services - We understand that mains supply of electricity, water and drainage are connected to the property. There is no mains gas.
(All interested parties should satisfy themselves with the local service providers).

Rating Liability - The property is assessed for business rates as follows:-

Property: Albion Road Motors, 25 Albion Road, North Shields, NE29 0HT
Description: Car Showroom and Premises
Rateable Value: £17,000

Tenure - The property is available by way of a new FRI lease for a minimum lease term of 3 years.

Rent - The property is available at an initial rent of £16,500 per annum.

Energy Performance Certificate - Full details upon request.

Legal Costs - Each party will be responsible for their costs in the transaction.

Money Laundering Regulations - In accordance with the Anti-Money Laundering Regulations, the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

Vat - All prices quoted are exclusive of VAT at the prevailing rate.