Retail premises to let in Mill Dam, South Shields NE33

Location

South Shields is located in within South Tyneside and is a vibrant coastal town situated on the south bank of the River Tyne. The property is located on the Mill Bank Road, which is a prime location surrounded by local amenities and facilities including The Custom House Theatre and the National Centre for the Written Word. The town is well connected for access to the local road network. The A19 is readily accessible via the A194 Newcastle Road. The A19 extends to North Tyneside via the Tyne Tunnel and to the south it extends to the likes of Sunderland and Teesside.

Description

The property comprises of a mid-19th century brick-built terrace property which was previously occupied as a hair and tattoo salon. The premises comprises of a spacious
retail zone coupled with two internal areas suitable for storage or office accommodation and benefiting from kitchen and WC facilities.

Accommodation

Ground Floor Retail – 87.2 sq. M (938 sq. Ft).

Rating assessment

The rateable value of the premises as at 1 April 2023 is £4,650 and the estimated rates payable for the current year is £2,278.5. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

EPC rating

Rating c-58.

Terms

Available by way of new Fri lease terms.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net
of VAT.

Legal costs

Each party is responsible for their own legal costs.

Anti-money laundering regulations

In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.