North Shields, Smiths Dock North Shields, NE29 6BZ

2,042 sq ft
Smokehouse, North Shields - Picture 2024-02-14-12-36-53
Smokehouse, North Shields - Picture 2024-02-14-12-37-32
Use Class

Use Class

E

Size

Size

2,042 sq ft

Price

Price

£275,000

Smokehouse B1 is a ground floor lock up commercial unit with wrap around

glazing and spectacular views up and down the River Tyne. There is potential for a Table Licence by separate agreement to provide seating along its river frontage.

Smokehouse B2, its sister property in the opposite block, is now beautifully fitted out as a waterfront themed restaurant trading as 31 The Quay.

Smith’s Dock is located fronting the River Tyne approximately 1 mile South West of North Shields Town Centre and denotes the western end of the Fish Quay. The first phase of the development is now complete, with two Smokehouses buildings, home to 80 apartments, and 34 townhouses on “The Plateau”. Commercial units can be found at ground floor levels of the Smokehouses, of which one unit is available. Further phases of development of the 10 acre site will be bring further residential and commercial opportunities.

Key Information

Viewing

Strictly by appointment.

Legal

The Money Laundering Regulations 2017 place a legal obligation on the agents to identify a proposed purchaser once the sale has been agreed and prior to instructing solicitors. Confirmation of the source of the purchaser’s funds will also be required.

Accommodation

2,042 Sq.Ft

Accommodation is provided to shell specification with Concrete floors, capped off services and wrap-around glazed shopfront

Areas
Sq.Ft
Sq.M
Ground Floor
2,042
189

Financial

Lease Type

New Lease

Rent

The unit is offered by way of a the sale of a Long Leasehold Interest for a term of 125 years on Internal Repairing and Insuring terms at an annual peppercorn rent on payment of a Premium of £275,000 excl. Alternatively, the premises can be let on the basis of a new Internal Repair and Insuring lease for a term to be agreed, subject to 5 yearly rent reviews at a rent of £27,500pa excl. An external table Licence area is available by separate agreement based on a rent of £5sqft.

Costs

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

Service charge

An annual service charge is payable towards the repair of the structure and maintenance of landscaping and common parts which amounts to £2,997 excl for the year.

Tenure

Long Lease / Freehold - Available Long Leasehold Interest for a term of 125 years on Internal Repairing and Insuring terms or alternatively let on the basis of a new Internal Repair and Insuring lease for a term to be agreed

Misrepresentation Notice

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.

All data ©2024 Completely Property Technology Limited

This was last updated on 25/04/2024