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No longer on the market

This property is no longer on the market

Retail property (high street)

Retail property (high street)
968
Added > 14 days

Features and description

  • Business for Sale
  • Prominent Location
  • Available by Way of Assignment of current Lease Terms
  • NIA 90m2 (969 sq ft)
BUSINESS FOR SALE!!!

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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About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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