54 - 56 King Street, South Shields NE33 1HZ
- PROPERTY TYPE
Mixed Use
- SIZE
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Description
Auction Date Commencing on Monday 13th October at 1pm and ending 24 hours later on Tuesday 14th October at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Prominent High Street Investment with Planning for Residential Conversion!
A prime town centre residential redevelopment opportunity located on the pedestrianised section of King Street, South Shields. The property comprises a vacant retail unit arranged over four floors and is offered with the benefit of prior approval for Class MA change of use to apartments (C3) on the upper levels. In addition, full planning permission has been granted for shopfront replacement, rooflights and a lantern rooflight, along with the conversion of the upper floors to form three residential apartments. The ground floor remains designated for retail use and requires refurbishment. The building extends to approximately 227 sq m (2,422 sq ft).
Situated in the heart of South Shields town centre, the property occupies a prominent position on the main high street, surrounded by established national retailers. South Shields is a coastal town approximately 12 miles east of Newcastle upon Tyne, well connected by the nearby A194 and B1344, which provide direct routes to the A19 and A1(M).
Planning reference: ST/0076/23/FUL
Buyers must do their own research. All planning documents are included in the legal pack.
Tenure: See Legal Pack
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
54 - 56 King Street, South Shields NE33 1HZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Shields Metro Station0.3 miles
- Chichester Metro Station0.6 miles
- North Shields Metro Station0.9 miles
About Auction House, Auction House North East
The Qube, Windward Way, Middlesbrough, Teeside, TS2 1QG
Notes
Disclaimer - Property reference 202509171300sq_orb2. 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 Auction House, Auction House North East. 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.
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 Auction House, Auction House North East on 01642 049800.
*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.”
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