Property description
SITUATION
South Shields is located approximately 8 miles to the north of Sunderland and 10.5 miles to the north east of Newcastle upon Tyne.
The Tyne Tunnel and A19 are within easy reach and the town has the benefit of the Tyne and Wear Metro service and excellent bus routes to and from the town.
The Denmark Centre is a busy shopping centre located just off King Street and benefits from roof top car parking above the shopping centre and further abundant car parking in the vicinity.
Other nearby occupiers include Greggs, McDonalds, Dawson & Sanderson and HSBC Bank.
DESCRIPTION
The property comprises a ground floor retail shop with stores and offices at first floor within the Denmark Centre.
ACCOMMODATION
The accommodation comprises:-
Ground Floor Retail
105.2 m²
(1132 ft²)
First Floor Offices/Storage
96.7 m²
(1041 ft²)
Total
201.90 m²
(2173 ft²)
TERMS
The property is available on a new lease for a term to be agreed on a stepped rental as below.
Year 1
£20,800 per annum
Year 2
£26,000 per annum
Year 3
£31,200 per annum
RATING ASSESSMENT
Description
RV
Estimated Rates Payable
Shop and Premises
£35,000 £16,030
We are advised that the rateable value of the premises as at 1 April 2010 is £35,000 and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 45.8p in the pound. However, interested parties should confirm the current position with the Local Authority. As a new occupier rights of appeal may exist against this assessment.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.
Property Features :
- Ground floor retail unit to let
- First floor offices/storage
- Ground floor retail 105.2 sq m (1132 sq ft)
- First floor 96.7 sq m (1041 sq ft)
- Car parking available