Earsdon Road, Shiremoor, Newcastle Upon Tyne, NE27 0HH

New Car Showroom - £15,000 per annum

Shiremoor is a popular residential area within North Tyneside, located approximately 3.5 miles west of Whitley Bay and 3 miles north of the Tyne Tunnels. The village and surrounding area have witnessed considerable investment in recent years with a large number of modern homes and leisure facilities having been constructed along with improvements to transport infrastructure. The village is a short distance from the A19 and also has a designated Metro station.

The property is situated in a prominent position on the north side of the Old Coast Road (A186), which leads to north Newcastle. Shiremoor Metro Station is located a short distance to the east of the site and the property lies opposite the Shiremoor Centre which provides a GP Surgery, pharmacy and library. Nearby commercial occupiers include NE Garages, Sainsbury’s Supermarket, a 24 hour BP Filling Station and convenience store, Shiremoor Carpet Centre, Strettle Memorial Service, post office, Tantalizing Beauty Salon and 3 takeaway restaurants.

 

The property comprises two showrooms and a vehicle repair and MOT centre.

New Car Showroom
(AVAILABLE TO LET)

This element lies adjacent to the petrol filling station and comprises an attractive steel portal frame building with brick and profile sheeting.   There are extensive uPVC double glazed display windows and internally the property provides display space with offices and WC facilities. Decor is to a high specification with carpeted floors, plastered and painted walls, a suspended ceiling and gas central heating.

Rear Showroom
(LET AT £15,000 PA)

This element fronts Earsdon Road and comprises concrete framed showroom with a brick facade incorporating large uPVC framed display windows, beneath a pitched profile sheet roof. The showroom has a large electric roller shutter door, WC facilities, offices and mezzanine stores and is occupied by two well established businesses in Tyneside Van Centre and Urwin’s Sandwich Shop.

Garage and MOT Centre
(LET AT £10,000 PA)

This element comprises the eastern section of the rear showroom and provides a combination of workshop and office accommodation. The unit is let to NE Garages.

  • Toilet Facilities
  • Gas Fired Central Heating
  • Offices
  • Storage
  • Carpeted Floors
  • Showrooms
  • MOT Centre
  • Vehicle Repairs

Tenure

The new car showroom is available by way of a new lease on Full Repairing and Insuring terms, for a term of years to be agreed. Alternatively the property could be reconfigured to provide smaller units.

Price

New Car Showroom -  £15,000 per annum.

Figures are exclusive of Business Rates and all other outgoings.

Investment for Sale

The entire site is available for sale subject to the tenancy agreements in place and with vacant possession to part. The occupational leases currently produce £25,000 per annum and the property has an ERV of £40,000 per annum.

Interested parties are advised to speak with Dunlop Heywood regarding the guide price, details of current rental income and for further lease information.

Rates

New Car Showroom:

Rateable Value (2010 List) - £12,750
Rates Payable 2013/2014 - £6,069

Interested parties are advised to make their own enquiries in this regard.

Legal Costs

Each party is to be responsible for their own legal costs incurred in the transaction.

VAT

The property is not elected for VAT and as such VAT will not be payable on the rent.

Accommodation (approx sq ft)

The premises have been measured in accordance with the RICS Code of Measuring practice (6th Edition) and the approximate Gross Internal Area is as follows:

New Car Showroom - 2,427 sq ft
NE Garages - 2,523 sq ft
Tyneside Van Centre - 5,150 sq ft

Total GIA - 10,100 sq ft

Energy Performance

An Energy Performance Certificate (EPC) has been prepared and the Energy Performance Asset Rating is: D/98

Download EPC Certificate

Important Notice

Dunlop Heywood gives notice to anyone who may read these particulars as follows:

1.These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property but are not intended to constitute part of an offer or contract. 2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. 3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor that any services or facilities are in good working order. 4. The photographs appearing in this brochure show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs. 5. Any areas, measurements or distances referred to herein are approximate only. 6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning, building regulations or other consents have been obtained and these matters must be verified by any intending purchaser. 7. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of statement of fact.

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