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SOUTH SHIELDS – 4-6 KING STREET, NE33 1HT, South Shields - Picture 2019-04-02-17-06-59
Let

Marketed by

Mason Partners logo

4-6 King Street King Street, South Shields, NE33 1HT

Use Class

Use Class

E

Rent pa

Rent pa

£45,000

Market Sector

Market Sector

High Street Scheme

Description

The property is located in a prime position on King Street, the principal pedestrianised retail thoroughfare, with nearby retailers including McDonalds, Post Office, CEX, Café Nero, Greggs, Specsavers and Shoe Zone as indicated on the attached goad extract.

Location

South Shields is located approximately 4 miles south east of the Tyne Tunnel, 8 miles east of Newcastle Upon Tyne and provides principal commercial centre for South Tyneside. With close proximity to the A19 dual carriageway, the town enjoys excellent communication links including the Tyne and Wear Metro Network and has a resident population of 82,854 persons widening to 157,785 persons in the South Tyneside district (Focus 2011). There is ongoing regeneration through the South Shields 365 scheme with Phase 2 underway and set for completion in the near future. This £100 million redevelopment will only benefit the subject unit by increasing footfall and improving the public realm and accessibility for King Street.

Key Information

Viewing

Strictly by appointment.

Legal

Each party is to bear their own legal costs in respect of all legal documentation produced in this transaction.

Accommodation

Dimensions
Feet
Metres
Internal Width
38.9
11.9
Sales Depth
61.8
18.8
Areas
Sq.Ft
Sq.M
Ground Floor Sales
2,787
258
First Floor
1,999
185
Second Floor
755
70.1
Third Floor
1,435
133
Basement
271
25.2

Financial

Lease Term

The premises are available by way of a new effectively full repairing and insuring lease for a term to be agreed. Substantial incentives are available.

Rent

Subject to contract, rental offers are invited in the region of £45000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Rates

Rateable Value £57,500. We would advise interested parties to make their own enquiries to verify this information.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Rates

Rateable Year:
2017
Rateable Value:
£57,500.00

Sustainability

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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