Location
The property is located in the heart of the town centre within an area that is undergoing some considerable development. South Tyneside and the Marine College are intending to relocate adjacent to the subject property and naturally it is anticipated that this will generate a large increase in footfall to this part of the town.
This is the main retail district of South Shields and most trades are represented with a selection of multiples and busy independents.
There are car parks to the rear of King Street and excellent public transport links via the Metro and new transport interchange.
Description
The available space forms the first, second and third floors and an extensive four-storey end terrace property of traditional brick construction with a pitched roof over.
Access to this office space is via the main door off King Street which leads up to a central vestibule with a stairwell that accesses all three floors.
The first floor has been in use till February 2024 with the floors above having predominantly been used for storage and staff welfare.
Accommodation
First Floor 1,585 sq.ft. (147 sq.m.)
Second Floor 1,186 sq.ft. (110 sq.m.)
Third Floor 921 sq.ft. (86 sq.m.)
Legal Costs
The ingoing tenant will be responsible for the landlord’s legal costs in the preparation of the new lease.
Business Rates
The premises are assessed as follows;
Rateable Value £10,400
Rates free incentives subject to status.
EPC
Rating D.
Services
Gas, electric and water is installed to the building and gas central heating and double glazing is fitted throughout the building.
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.