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Investment Opportunity

North Shields Offers over £175,000 Freehold REF: NE2001

Location

The property is located on one of the main roads running through the west side of North Shields up towards Preston Village and the A1058 Coast Road. This part of North Shield is predominantly residential and comprises a mixture of housing.

There is not a lot of commercial or retail space on this part of Hawkeys Lane but nearby occupiers include an NHS health hub and an ALDI store.

Description

Comprises a two storey property of traditional brick construction with a pitched roof over. The property operated as a vets for many years but would be suitable for a variety of uses, subject to any required planning permission.

The unit has a return frontage and there is gas fired central heating installed plus wall mounted air con units.  The garage can be accessed internally from the back of the ground floor space and there is ample free street parking nearby.

The first floor flat has separate ground floor street access and is in good order with gas central heating and double glazing installed.

Accommodation

Ground Floor

Front Shop                 400 sq.ft. (37 sq.m.)

Rear Office / Store    160 sq.ft. (15 sq.m.)

Kitchen                         70 sq.ft. (  7 sq.m.)

W.C.

Garage                       195 sq.ft (18 sq.m.)    

First Floor Flat (with separate street access).

Lounge

Kitchen

Bedroom 1

Bathroom

Business Rates

The premises are assessed as follows:

Rateable Value £5,400

Rates incentives available subject to status.

Freehold

We are verbally informed that the title is freehold. Interested parties should make their own legal enquiries.

Occupational Leases

The flat is let at £450 per calendar month and the shop is currently empty.

EPC

Shop Rating E.

Flat Rating D

Money Laundering Regulations

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

 

If you'd like to know more about how we work, give us a call on 0191 487 8566, always happy to help.

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