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    LOCATION

    A ground floor retail unit situated on an established retail parade within a large residential estate with free parking adjoining.

    These details were certified to be correct by the vendors of the property as at 11/5/17.

    ACCOMMODATION

    The property briefly comprises as follows:

    GROUND FLOOR

    SALES
    48.17 m sq (518 sq ft)

    KITCHEN AREA
    1.6 m sq (17 sq ft)

    SIDE ACCESS/STORE
    4 sq m (43 sq ft)

    W.C

    TENURE:   

    The premises are held on a lease which is currently holding over.  The Landlord has indicated he would be prepared to grant a new lease to any suitable tenant at a rent of £9,250 per annum.

    RATEABLE VALUE:

    South Tyneside Council have advised that the rateable value is £7,200 for the year 2017/2018.

    RATES PAYABLE: 

    To be confirmed by South Tyneside Council.

    BUSINESS:  

    This is a well established business situated in a popular location.  However, the current owner has advised that clearly there is potential for further growth.

    SERVICES:  

    Mains, electricity, water and drainage.

    E.P.C.   

    To be determined.

    COSTS:  

    The proposed lessee will be responsible for the Landlords legal costs and surveyors fees incurred in the preparation of a new lease.  To be confirmed by the Landlord.

    VIEWING:  

    Strictly by appointment via our South Shields office.  Telephone (0191) 4270335.

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