Westoe Road, South Shields

Location - The property is located in South Shields on the north east coast of England and south of the River Tyne. The town is well established and offers a wide range of services and facilities to a sizeable population and surrounding communities.

Situation - The property is situated on the west side of Westoe Road (A1018) and just south of the junction connecting Westoe Road with Crossgate, Fowler Street, Beach Road and the Town Hall.

Description - The property is a ground floor retail shop forming part of a mid terrace with a separately owned flat above. The property has a traditional shop window frontage and is arranged as a sandwich shop including a kitchen.

Occupancy - The property is occupied by 'Granny's Kitchen', a traditional sandwich shop subject to a commercial lease for six years from 1st January 2022. Expiry due 31st December 2027. The rent is currently £4000 pa.

Accommodation - Main sales kitchen and WC. 34.8 sqm (344.6 sq ft)

Tenure - Freehold. Title number TY78806.

Energy Performance Certificate - The EPC rating for the property is B. A full copy of the report is available on request.

Price - Our client is seeking £40,000.

Rating Liabiliity - According to the Valuation Office Agency (VOA) website, the premises has a rateable value of £4,350.

Vat - Unless otherwise stated, all figures expressed in these particulars are deemed to be exclusive of VAT.

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

Client Monies Protection Scheme - R A Jackson & Son LLP is a proud member of the RICS. The RICS Client Money Protection for Residential Agents scheme has been approved by Government under the The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018. This means that RICS registered firms holding money in the areas covered by the regulations, will have met the requirements under The Client Money Protection Scheme for Property Agents Regulations (2018) to belong to an approved scheme. Further information

Property Redress Scheme - R.A. Jackson & Son LLP are part of The Property Ombudsman. Membership number T01923.