Property

Under Offer
Retail

43-44 Nile Street, North Shields, Tyne & Wear, NE29 0BB

The property comprises a single terraced retail property over two storeys situated in a retail location with on-street parking outside in amongst other retailers and properties of a similar character, age and specification.

LOCATION

The property is located in North Shields approximately 8 miles east of Newcastle upon Tyne, 2 miles west of Tynemouth and 8 miles to the north of Sunderland.

The property is well situated close to main pedestrian section of North Shields within walking distance of the principle shopping street Bedford Street and main shopping centre The Beacon. Other occupiers nearby include Newcastle Building Society, Lloyds Bank, YMCA, Leeds Building Society among other national and local occupiers

ACCOMMODATION

The property has floor areas as follows:

Ground Floor Zone A 41.38 sq m   445.41 sq ft
Ground Floor Zone B 39.05 sq m   420.22 sq ft
Retail Zone C 20.23 sq m   217.75 sq ft
First Floor  46.21 sq m   497.49 sq ft
Total146.87 sq m1,580.87 sq ft

TERMS

We are instructed to seek unconditional offers in excess of £95,000 (Ninety Five Thousand Pounds).

RATING ASSESSMENT 

The rating assessment currently appearing on the 2017 Valuation List is as follows: –

Description:  £7,900

The Small Business rate for the year 2021/2022 is 49.9 pence in the pound.

Due to the Rateable Value being beneath £18,000 we understand that small business relief may be available. All interested parties are urged to make their own enquiries in this regard.

LEGAL COSTS

Each party to bear their own legal costs incurred in the transaction.

EPC

The property has an EPC rating of D85.

VAT

We are advised that VAT is not applicable.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

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