Retail premises to let in Fowler Street, South Shields NE33

Location
The property is prominently situated on Fowler Street close to the Town Hall and Beach Road in what is regarded as the town’s main estate agency and professional pitch.

Description
Benefitting from gas central heating, modern staff facilities and both open plan and private accommodation.

Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor ft m
Sales Area Internal Width 16’7 max 5.09
Sales Depth 25’7 7.83
Sales Area 399 37.07

Ground Floor Office 108 10.03

Lower Ground Kitchen and Storage 628 58.34

Externally
Enclosed yard to rear

Tenure
A new Lease is available at a commencing annual rental of £7,750 for a term of years to be agreed (minimum 3 years) on an effective Fri basis subject to 3 yearly Rent Reviews.

VAT

The property is not subject to VAT.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Marc Weaver or Alexa Reavley

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• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £5,300. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.

Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref
C4250

EPC

Energy Rating 97/D