Retail property (high street)
Features and description
- Business for Sale
- Prominent Location
- Available by Way of Assignment of current Lease Terms
- NIA 90m2 (969 sq ft)
The subject property is a newsagent business located on Ocean Road, South Shields.
The business is a hands off approach and ran by current staff members and still enjoying healthy profit margins with room to increase further. Accounts will be made available upon serious interest.
Rooms
Location
The subject premises is located on Ocean Road, South Shields which lies approximately 8 miles north of Sunderland and 12 miles east of Gateshead. South Shields also lies within close proximity to the Tyne Tunnel with convenient links to the A19 and A185. The premises occupies a prominent position on Ocean Road which lies perpendicular to Fowler street. The area benefits from a reasonable level of services and facilities together with good levels of footfall and passing trade.
Accommodation
Shop floor 68.6m, first floor storage 21.3, WC facilities. NIA 90m2 (969 sq ft).
Business Details
The subject business is a newsagents, lottery and basic convivence store that is completely staff ran and still receiving a healthy profit. Accounts made available upon serious interest.
Lease Terms
By way of an assignment of current lease terms. A 14 year lease was agreed January 2014 with current rent £6,250 PA. Lease available upon request.
EPC
We currently await a copy of the Energy Performance Certificate.
Rateable Value
The adopted rateable value is £8,600 as of the 1st April 2017.
Sourced by VOA.
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