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North Shields, Smiths Dock North Shields, NE29 6BZ
Agents
AT Retail Ltd
Ian Angus
Use Class
E
Size
2,042 sq ft
Price
£275,000
Description
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.
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
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 13/05/2024