King Street, South Shields, NE33

South Shields is located in within South Tyneside and is a vibrant coastal town situated on the south bank of the River Tyne. The property is located on the King Street, which is a prime location surrounded by local amenities and facilities including The Custom House Theatre and the National Centre for the Written Word.
The town is well connected for access to the local road network. The A19 is readily accessible via the A194 Newcastle Road. The A19 extends to North Tyneside via the Tyne Tunnel and to the south it extends to the likes of Sunderland and Teesside.

This property is ideally situated on King Street, adjacent to Barclays Bank, in an area undergoing a major transformation, driven by the relocation of South Tyneside College and South Shields Marine School to the town centre. This redevelopment is set to revitalize the area, bringing thousands of students and staff into the heart of the town. The increased footfall presents an exceptional opportunity for local businesses to thrive, benefiting from the dynamic energy and activity that this influx of people will generate.

This charming three-storey mid-terrace property, dating back to the early to mid-19th century, previously home to Clarks shoe shop, the premises provide a generous retail area on the ground floor, accompanied by two separate stockrooms for convenient storage. The first floor features a spacious main storeroom, along with three smaller storage areas, offering ample space for inventory or flexible usage. On the second floor, you'll find three individual offices, a dedicated staff room, a kitchen, and WC facilities. Making this an ideal setup for a business looking to combine retail, storage, and administrative functions within one property.

We calculate the approximate net internal floor areas to be:

Ground Floor 141 sq m (1,517 sq ft)
First Floor 121 sqm (1,302 sq ft )
Second Floor 99 sq m (1,065 sq ft)

Total 361 sq m (3,885 sq ft)

EPC Rating - Awaiting EPC

The rateable value of the premises as at 1 April 2023 is £24,500 and the estimated rates payable for the current year is £12,225.50. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested
parties should confirm the current position with the Local Authority.

Available by way of new FRI lease terms at an asking rent of £30,000 (Thirty Thousand Pounds) per annum

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Each party is to bear their own legal costs involved in the transaction.

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.

For viewing and further information please contact:

Michael McGhin
T:
E: michael.