SITUATION
The unit occupies a prominent position facing the busy pedestrian junction of Mile End Road, King Street, and Ocean Road, surrounded by a mix of national and independent retailers, as well as leisure operators.
South Shields is undergoing significant town centre regeneration, with improvements to the public realm and the redevelopment of vacant properties into residential use. The relocation of South Tyneside College to King Street is also expected to drive increased footfall and revitalise the surrounding area.
ACCOMMODATION
Arranged over ground, first, and second floors with loading provisions to the rear.
| Ground Floor Sales | 136 m² | 1745 ft² |
| First Floor | 102 m² | 1094 ft² |
| Second Floor | 99 m² | 1069 ft² |
PRICE
Freehold offers in excess of £130,000 excusive are invited.
A new Full Repairing & Insuring lease for a term to be agreed is available at £15,000 per annum exclusive.
EPC
The property has a Energy Performance Certificate of E 108. A copy of the EPC is available upon request.
BUSINESS RATES
| Rateable Value | £13,250 |
| 2025/2026 UBR | £0.499 |
| Estimated Rates Payable | £6,611.75 |
Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
COSTS
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.
AML
All Bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
VIEWING
For enquiries, viewing, and general information, please contact:
Oliver Sunderland
E: oliver@atretail.co.uk
M: 07943 836 058
Sarah Hart
E: sarah@atretail.co.uk
M: 07985 768 514
| Rent: | £15,000 |
| Sale Price: | £130,000 |
| Town/City: | South Shields |
| Property type | Retail Unit |
| Size | 1,745 sq ft |
| Planning use | E Class |
Rent: £45,000
Town/City: Alnwick
Attractive historic Northumberland market town
Close to popular tourist attractions Alnwick Castle and Garden
Most prominent unit in the town centre with significant frontage
Suitable for a variety of uses, subject to consent
Ground floor NIA 131.90 sqm (1,420 sqft)
Nearby occupies include Newcastle Building Society, Card Factory, Yorkshire Trading Co, Trespass, Greggs alongside a number of established local retailers.
Rent: £30,000
Town/City: Newcastle Great Park
Rent:
Town/City: Newcastle upon Tyne
Rent:
Town/City: Gateshead
Rent:
Town/City: Durham
Rent: £21,000
Town/City: Chester le Street
Rent: £32,500
Town/City: Whickham
Rent: £12,500
Town/City: Birtley
Rent: £22,500
Town/City: Gateshead
Rent: £77,790
Town/City: Durham
Rent: £65,000
Town/City:
Rent: £80,000
Town/City: Newcastle upon Tyne
Rent: £44,950
Town/City: Gosforth
Rent: £30,000
Town/City: Whitley Bay
Rent: £30,000
Town/City: Whitley Bay
Rent:
Town/City: North Shields
Rent:
Town/City: South Shields
Rent: £45,000 - £53,000
Town/City: Newcastle upon Tyne
Rent:
Town/City: Sunderland
Rent:
Town/City: Bedlington
Rent: £19,500
Town/City: Darlington
Rent: £45,000
Town/City: Sunderland
Rent:
Town/City: Newcastle upon Tyne
Rent: £27,500
Town/City: Newcastle upon Tyne
Rent: £60,000
Town/City: Gosforth
Rent: £60,000
Town/City: Newcastle upon Tyne
Rent:
Town/City: Sunderland
Rent: £45,000
Town/City: Newcastle upon Tyne
Rent: £25,000
Town/City: Washington
Rent: £50,000
Town/City: Whickham
Rent:
Town/City: Wallsend
Rent:
Town/City: Newcastle upon Tyne
Rent: £32,000
Town/City: Newcastle upon Tyne
Rent: £25,000
Town/City: Newcastle upon Tyne
Rent: £75,000
Town/City: Newcastle upon Tyne
Rent: £28,500
Town/City: Newcastle upon Tyne
Rent: £25,000
Town/City: South Shields
Rent: £29,500 - £62,500
Town/City: Wallsend
Rent: £28,125
Town/City: Peterlee
Rent: £35,000
Town/City: Killingworth
Rent: £32,000
Town/City: Sunderland