About this property
South Shields is a large coastal town situated on the southern banks of the River Tyne, approximately 8 miles east of Newcastle upon Tyne City Centre. It is the principal commercial and administrative centre of South Tyneside.
The subject property is located in Westoe Crown Village, which is a densely populated modern estate consisting of town houses and apartments as well as a row of terraced retail units with Tesco as the anchor store.
Other neighbouring retailers include a hair & beauty business, café, local charity store, health food business and an aesthetics company. There is a central community hub and local primary school within yards of the premises generating additional footfall to the area.
The property comprises a ground floor shop within a three-storey mid-terraced building of brick and stone construction under a slate covered pitched roof. The shop enjoys a large glazed frontage and benefits from free car parking to the front.
Internally the property comprises an open plan retail area to the front with a storage room and w.c. facilities to the rear. The shop is fitted out to a good standard with tiled flooring (under existing carpets), spot lighting, a fire protection system, alarm system and internal electric roller shutters to the front windows. There is a door to the rear which provides access to a loading area and designated car parking space.
The property was previously used as a bridal store, however it would be suitable for a variety of retail uses.
Total floor area of 764 sq ft (70.98 sq m)
To be confirmed.
The property is available to let by way of a new full repairing and insuring lease for a term of years to be agreed.
£12,795 per annum, exclusive of business rates, service charge and building insurance.
We understand the property is entered into the Rating list with a rateable value of £9,400. If the occupying business is eligible under the current Government Covid-19 measures to support businesses, the rates bill will be discounted by 66% from 1 July 2021 to 31 March 2022.
Interested parties should make enquiries direct with the Local Authority to establish the actual rates payable.
The property is registered for VAT and therefore VAT will be payable on the rent.
Each party is to bear their own legal costs.
ENERGY PERFORMANCE CERTIFICATE
The property has an EPC rating of B-43.
A copy of the EPC and recommendation report is available on request.
CODE OF PRACTICE FOR COMMERCIAL LEASES
The Code of Practice for Commercial Leases in England and Wales recommends parties intending to enter into leases should seek advice from professionals or lawyers at an early stage. The Code is available through professional institutions and trade associations or through the website,
Strictly by appointment with sole agents, YoungsRPS.
Stephanie Dixon on 0191 2610300.