£195,000

Fowler Street,, South Shields,

HIGH QUALITY TOWN CENTRE RETAIL/OFFICE SPACE

Description

LOCATION
The nearby development of the South Shields transport interchange makes the unit easily accessible, along with ample parking on Fowler Street and the Morrison’s car park. The Masterplan Vision for South Shields sets out a framework for the future of the Town Centre over the next 10 years. It seeks to deliver a vibrant, attractive, and healthy town with a secure and sustainable future. A place where people want to live, work, study and socialise.

South Shields is a coastal town located approximately 4 miles South East of the Tyne Tunnel, 8 miles east of Newcastle upon Tyne and 9 miles North West of Sunderland. The town has a resident population of 75,300 persons widening to 150,000 persons in the South Tyneside district. (2021 Census).

DESCRIPTION
The property occupies a prime position on Fowler Street within close proximity to South Shields Town Hall. The premises is a two storey, double fronted unit. The premises has an open plan aspect with a kitchen, storage cupboard and 2 x WCs to the ground floor.
The first floor consists of an open plan office/board room a lounge/staff room a kitchen and 2 x WCs.

ACCOMMODATION
We calculate the approximate gross internal floor areas to be:

Floor M2 SQ FT
Ground 112.6 1,212
First 98.4 1,059
Total 211 2,271

EPC RATING
EPC Rating – C (65)

RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £7,300 and the estimated rates payable for the current year is £3,577. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

TERMS
To be sold by way of freehold title at an asking price of £195,000 (One Hundred and Ninety Five Thousand Pounds).

VAT
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.

LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.