No longer on the market
This property is no longer on the market
MapCommercial development
Commercial development
0.40 hectare(s)
Features and description
- Circa 0.4 Ha (1 acre) site
- Includes Bingo Hall and three residential properties
- Total rental income of £40,500 per annum
- New key point...
Description
The opportunity comprises a site fronting Hudson Street of circa 0.4 ha (1 acre) of land upon which is constructed a two storey Bingo Hall, a detached three bedroomed house and two-bedroom semi-detached house and a two-bedroom semi-detached house.
Location
The site and properties are located on Hudson Street in Tyne Dock, adjacent to Tyne Dock Metro Station. The Tyne Dock neighbourhood is named after the dock which was opened in 1859. The site is approximately 2 miles (3 km) south-west of South shields Town Centre, 8 miles (13 km) to the north of Sunderland, 10 miles (66 km) to the south-east of Newcastle and 2.5 miles (4 km) to the south-west of the Tyne Tunnel.
The Metro Rapid Transport System gives easy access across the region and links to National Rail via Newcastle central station and local bus networks via numerous Metro Interchange Stations.
Hudson Street gives access to the site and properties as well as a mix of residential and commercial buildings.
The Port of Tyne is located to the north of the site and Tyne dock has a mix of retail and commercial/industrial uses as well as residential accommodation. Places for People are delivering a 66 dwelling affordable housing scheme to the north of the site.
Specifications
The Crown Bingo Hall is of two storey brick construction under a mixture of pitched and flat roofs, The building has a Gross External area of circa 697 Sq. M. (7,500 Sq. Ft). There is land and car parking to the south and west.
2 Hudson Street comprises a two-storey detached house with single storey extension to the rear of brick construction under pitched roofs, with a yard to the front and access Hudson Street, the property has 3 Bedrooms, 2 Living rooms and 2 Bathrooms.
4 Hudson Street comprises a part three-storey semi-detached house with single storey extension to the rear of brick construction under pitched roofs, with a garden and access Hudson Street, the property has 4 Bedrooms, 2 Living rooms and 1 Bathrooms.
6 Hudson Street comprises a two-storey detached house with single storey extension to the rear of brick construction under pitched roofs, with a garden to the front and access Hudson Street, the property has 2 Bedrooms, 2 Living rooms and 2 Bathrooms.
Tenure
The land and properties are owned Freehold under various titles and part (2 Hudson Street) is currently unregistered, but our clients can prove ownership. Full details on Application.
The Bingo Hall is occupied on an 18-month rolling tenancy which runs until the 25th of October 2025 with regular rent reviews. The current rental being £21,000 per annum.
The residential properties are occupied under three separate annual Shorthold Tenancies and generate a rental income of £19,500 per annum.
Planning
The Local Planning Authority is South Tyneside Council, and all planning enquiries should be made direct to South Tyneside Council.
The site is Brownfield and currently houses a Bingo Hall and Three Residential Properties. There is affordable Residential housing be constructed to the North at Lord Nelson Street.
Middlefields Industrial Estate to the east is classed as Employment Land for General Economic Development in the proposed draft Local Plan.
Method of Sale
The site is being sold on an informal tender basis.
Please be advised that plans, drawings and other material is provided for information purposes only and is protected by copyright, patent and warranty laws.
Basis of Offers
Unconditional and conditional offers are invited for the freehold interest in the entire site and properties.
Offers are to be submitted in writing, For the attention of - [use Contact Agent Button]
The Vendor reserves the right not to accept the highest or any offer received.
The opportunity comprises a site fronting Hudson Street of circa 0.4 ha (1 acre) of land upon which is constructed a two storey Bingo Hall, a detached three bedroomed house and two-bedroom semi-detached house and a two-bedroom semi-detached house.
Location
The site and properties are located on Hudson Street in Tyne Dock, adjacent to Tyne Dock Metro Station. The Tyne Dock neighbourhood is named after the dock which was opened in 1859. The site is approximately 2 miles (3 km) south-west of South shields Town Centre, 8 miles (13 km) to the north of Sunderland, 10 miles (66 km) to the south-east of Newcastle and 2.5 miles (4 km) to the south-west of the Tyne Tunnel.
The Metro Rapid Transport System gives easy access across the region and links to National Rail via Newcastle central station and local bus networks via numerous Metro Interchange Stations.
Hudson Street gives access to the site and properties as well as a mix of residential and commercial buildings.
The Port of Tyne is located to the north of the site and Tyne dock has a mix of retail and commercial/industrial uses as well as residential accommodation. Places for People are delivering a 66 dwelling affordable housing scheme to the north of the site.
Specifications
The Crown Bingo Hall is of two storey brick construction under a mixture of pitched and flat roofs, The building has a Gross External area of circa 697 Sq. M. (7,500 Sq. Ft). There is land and car parking to the south and west.
2 Hudson Street comprises a two-storey detached house with single storey extension to the rear of brick construction under pitched roofs, with a yard to the front and access Hudson Street, the property has 3 Bedrooms, 2 Living rooms and 2 Bathrooms.
4 Hudson Street comprises a part three-storey semi-detached house with single storey extension to the rear of brick construction under pitched roofs, with a garden and access Hudson Street, the property has 4 Bedrooms, 2 Living rooms and 1 Bathrooms.
6 Hudson Street comprises a two-storey detached house with single storey extension to the rear of brick construction under pitched roofs, with a garden to the front and access Hudson Street, the property has 2 Bedrooms, 2 Living rooms and 2 Bathrooms.
Tenure
The land and properties are owned Freehold under various titles and part (2 Hudson Street) is currently unregistered, but our clients can prove ownership. Full details on Application.
The Bingo Hall is occupied on an 18-month rolling tenancy which runs until the 25th of October 2025 with regular rent reviews. The current rental being £21,000 per annum.
The residential properties are occupied under three separate annual Shorthold Tenancies and generate a rental income of £19,500 per annum.
Planning
The Local Planning Authority is South Tyneside Council, and all planning enquiries should be made direct to South Tyneside Council.
The site is Brownfield and currently houses a Bingo Hall and Three Residential Properties. There is affordable Residential housing be constructed to the North at Lord Nelson Street.
Middlefields Industrial Estate to the east is classed as Employment Land for General Economic Development in the proposed draft Local Plan.
Method of Sale
The site is being sold on an informal tender basis.
Please be advised that plans, drawings and other material is provided for information purposes only and is protected by copyright, patent and warranty laws.
Basis of Offers
Unconditional and conditional offers are invited for the freehold interest in the entire site and properties.
Offers are to be submitted in writing, For the attention of - [use Contact Agent Button]
The Vendor reserves the right not to accept the highest or any offer received.
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About this agent
Avison Young - Land and Development