Restaurant/cafe to let in Prince Edward Road, South Shields NE34

Location
Prince Edward Road is a busy suburban shopping parade serving a densely populated residential area known as The Nook located approximately 2.5 miles southeast of South Shields town centre. The property occupies arguably the most prominent position within the parade on its roundabout junction with Sunderland Road. Free parking bays are situated to the front of the parade which is represented by a good mix of national and local occupiers including Greggs, Sainsburys, Tesco, and Iceland.

Description
The accommodation is arranged over ground floor only and comprises vacant fully fitted former restaurant which has been extensively refurbished throughout providing restaurant, kitchen and WC’s. The building has recently been re roofed.

Accommodation
The property briefly comprises as follows:-
ft2 m2
Restaurant and Premises 1011 93.92

Tenure
A new Lease is available at a commencing annual rental of £18,500 for a term of years to be agreed (minimum 5 years) on an effective Fri basis subject to 5 yearly Rent Reviews.

VAT

We are advised the property is not elected for VAT.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Mario Jaconelli or Alexa Reavley
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• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £16,750. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref
C4259

EPC

Energy Rating 100/D