55 Fowler Street, South Shields, Tyne & Wear, NE33 1NS

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LOCATION

South Shields is an important area of industry and commerce within the region. It benefits from the presence of port facilities and the near proximity of the A19 routeway and both River Tyne tunnels.  It also boasts a thriving leisure and tourism sector centred around an attractive Blue Flag Award winning beach, Sandhaven.  It is also the main retail destination for the South Tyneside area with a population in the region of 153,000 people.

The property is located in the centre of South Shields on Fowler Street, a short walk from South Shields Metro Station and within an established retail area, to the south of King Street. Nearby occupiers include Saks Hair, Leeds Building Society, Marshall Hall Levy Solicitors and South Shields Florist.

DESCRIPTION

The property comprises the ground floor premises of a prominent two storey building with residential accommodation above.  Fowler Street is traditionally an important retailing location within the town centre and is a busy thoroughfare between the Town Hall and King Street.

The property was formerly used as a licenced betting shop, benefits from electric security roller shutters and is in a shell condition.

ACCOMMODATION

The property has been measured in accordance with the RICS Property Measurement Professional Statement (Incorporating IPMS) and the following approximate floor areas:

 

    Sq m      Sq ft
Ground Floor Sales      85.27        918
Total      85.27        918
  • Ground Floor Accommodation
  • Glazed Shop Front

RENT

The asking rent for the property is £8,000 per annum exclusive of business rates and all other outgoings.

RATES

Upon completion of the lease, the property will be assessed for Business Rates purposes by the VOA.

It is likely that the Rateable Value below £12,000, meaning qualifying businesses will be entitled to Retail Discount for the current rates year.  Interested parties are advised to make their own enquiries in this regard.

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