Offers in the region of £275,000
The subject property is situated on Ocean Road in South Shields which is a coastal town in South Tyneside, situated at the mouth of the River Tyne. Ocean Road provides a direct link between South Shields town centre and the coast and is renowned for its wide range of restaurants, guest houses and B&B’s. The property is 0.1 mile from South Shields town centre and 0.4 miles from South Shields Coast with attractions including South Marine Park, Bents Exhibition Park, Ocean Beach Pleasure Park and North Marine Park.
Ocean Road is serviced by local bus routes and South Shields Metro Station is 0.3 miles away. The property is also situated on the A183, which is a main road along the South Tyneside coast, providing direct access to Sunderland Coast.
The Beaches Guest House is a friendly, family run guest house with 8 bedrooms, all fitted with en-suite facilities. The bedrooms vary in sizes with 1 x single, 5 x twin, 1 x double and 1 x family room with one of the ground floor twin bedrooms suitable for disabled access. To the ground floor is a kitchen and dining area for guests. The guest house benefits from central heating throughout and each room currently offers TV with Freeview and DVD player, a hairdryer, tea and coffee making facilities and free WIFI.
Externally, there is a garden and patio area for guest use only and off-site parking is available.
Ground Floor 54.2m² 583ft²
First Floor 38.6m² 416ft²
Second Floor 16.3m² 174ft²
Total 109.1m² 1,173ft²
Description RV Estimated Rates Payable
Boarding house £2,900 £1,423.90
We are advised that the rateable value of the premises as at 1 April 2019 is £2,900 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.1p in the pound. However, interested parties should confirm the current position with the Local Authority.
To be sold by way of freehold title with a price of £275,000 (Two Hundred and Seventy Five Thousand Pounds).
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.
MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
For general enquiries and viewing arrangements please contact Joseph I’Anson or Anthony Barella at Bradley Hall.
Tel: 0191 563 4242