Background
This is an investment opportunity comprising a two storey mid terraced property and forming part of a busy mixed-use terrace within the Shields Road secondary shopping area. The property is located at the eastern end of Shields Road, close to its junction with Denmark Street.
The immediate area is predominantly retail and forms part of a busy parade that includes a selection of independent traders. Opposite the unit there is a McDonald’s drive-thru and this is a busy part of Shields Road.
Description
This two- storey mid terrace property has been in the same ownership for many years and the owners originally ran the café business. The building is of traditional brick construction with a pitched slate roof over and the first floor flat has separate street access.
Business Rates
Rateable Value £6,500
Occupational Leases
241 Shields Road
Trading as Grazin’ Kitchen and operating as a modern cafe. There will be a new 5 year lease in place from May 2025.
243 Shields Road
Occupied by a longstanding tenant at a rent of £475 per month.
EPC
Shop Rating C
Flat Rating D
Legal Costs
Each party to bear their own costs.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
VIEWINGS STRICTLY BY APPOINTMENT
