Commercial Property For Sale
Investments
Retail Unit & Flat Investment
Boldon Colliery
£135,000 (Freehold)
REF: NE2169
Location
This investment is located on East View which forms part of North Road and forms part of a small secondary shopping parade.
Boldon Colliery is located in South Tyneside, 5 miles to the south west of South Shields. Access to the town is excellent via the A19 Trunk Road and there is a popular Leisure Park nearby with tenants that include Tim Horton’s, Nando’s, and Cineworld.
Property
Comprises a self-contained ground floor lock up retail unit extending to 68 sq.m. (730 sq.ft). To the upper floor is a flat with one bedroom, a kitchen, lounge and bathroom. The flat has independent access from the street and is occupied by a single tenant. To the rear there is a shared yard leading onto a back lane.
Occupational Leases
34 East View
Trading as a Vape Shop on a 5 year lease from January 2024. The current passing rent is £7,200 per annum with a rent review at the 3rd anniversary.
33 East View
Occupied under an AST from March 2025 at £400 per month.
EPC
Shop Rating - D.
Flat Rating - D.
Tenure
We are advised that the title is freehold.
Services
We understand that gas, electricity, water and drainage are connected to the property.
Business Rates
Rateable Value £4,500
Rates free incentives subject to status.
Council Tax Band A
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
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