Commercial Property To Let
Retail
Retail Opportunity
South Shields
£18,000 To Let (Leasehold)
REF: NE2250
Location
The property is located in the heart of the town centre within an area that is undergoing some considerable development. South Tyneside and the Marine College are relocating adjacent to the subject property and this will generate a large increase in footfall to this part of the town.
King Street is the main retail district for South Shields and many multiples are represented. The subject property is close to Barclays Bank, The Card Factory and Boots and would be suitable for retail, office or possible hospitality uses.
There are car parks to the rear of King Street and excellent public transport links via the Metro and the new public transport interchange.
Description
The available space comprises a self-contained two-storey mid terrace property of traditional brick construction forming part of a larger block. The space is in good order and will be redecorated prior to being vacated by BHF. Occupation will be available from February 2026.
Access to the main retail space is off King Street and there is delivery access at the rear. The ground floor retail area leads into office and staff welfare facilities with an open plan storage space on the first floor.
Accommodation
Ground Floor
Retail 625 sq.ft. (58 sq.m.)
Office / Staff 100 sq.ft. (10 sq.m.)
W.C.
First Floor
Stores 485 sq.ft. (45 sq.m.)
EPC
Rating D.
Tenure
A new EFRI lease is available at an initial rent of £18,000 per annum plus VAT plus a service charge of circa £2,000 per annum. Further terms to be agreed.
Legal Costs
The ingoing tenant will be responsible for the landlord’s legal costs in the preparation of the new lease.
Business Rates
The premises are assessed as follows;
Rateable Value £9,300
Rates free incentives subject to status.
Services
Electric, gas and water are installed.
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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