4-6 King Street, South Shields
£40.71 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
7,247 sq ft
673 sq m
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Retail Unit with Extensive Upper Parts
- Fully Let to a Single Tenant
- Recently Signed 10 Year Lease - Expiring 20.05.2034
- Prime Pedestrianised Pitch
- 7,247 sq ft (673.2 sq m)
- Investment Let at £35,000 p.a. (11.86% GIY on Guide Price)
Description
Arranged across basement, ground and three upper floors, the property is fully let to Households Bargains Limited, with Heaton Food Store Limited as Guarantor, on a recently signed 10 year lease expiring 20.05.2034 and paying £35,000 per annum.
The property includes substantial upper parts and therefore may be suitable for long term conversion/development (subject to the existing lease and any requisite consents).
King Street comprises the principal pedestrianised retail amenity in South Shields, with local occupiers including Sports Direct, Caffe Nero, McDonalds and Greggs.
Brochures
4-6 King Street, South Shields
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
Notes
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