Commercial Freehold Investment Opportunity in North Tyneside For Sale

Business description

Freehold commercial premises located close to North Shields town centre.

Comprising three ground floor retail units, a first floor 2-bed flat and additional first floor office space, all with vacant possession except for the flat which is currently let on a 12 month shorthold tenancy. Planning permission pending to convert the first floor into two maisonettes.

This property provides the opportunity for an investor looking for a mix of residential and commercial investment or for a retailer looking for freehold premises. (reference: ACQ1002018)

LOCATION

Two storey premises located on Rudyard Street in North Shields, linking Saville Street and Railway Terrace on the edge of North Shields town centre.

PREMISES

Premises comprises three vacant ground floor retail units, a first floor 2 bed flat (currently let on a 12 month shorthold tenancy for £350 a month) and vacant first floor former office space. Dimensions of the units are as follows :

26 RUDYARD ST
47' X 15' average
Pictured on right of building.

25 RUDYARD ST
15' x 16' front space
Plus a further rear space measuring 13' X 9', plus toilet facilities. Pictured centre.

24 RUDYARD ST
25' X 13'
Pictured

FLAT

Unfortunately, access not available given occupying tenant, but this is a 2-bed flat with kitchen and bathroom, large living area with small raised dining area. Above 25 & 26.

OFFICE SPACE
14' X 14'
Plus an additional two areas measured at 15' X 12' (front) and 8' X 6'. Entrance to the left of 24 Rudyard Street and situated directly above.

PLANNING PERMISSION PENDING

Planning permission is pending for conversion of first floor space into 2 maisonettes

SUMMARY

A property that is well located near to North Shields town centre and provides opportunities for either investors or owner occupiers.

Property information

Property:

Freehold

Location:

Located on the edge of North Shields town centre.

Other information

Financing available:

Renown Commercial Ltd acts as an independent commercial finance broker. Please call 01670 735444 to discuss your requirements.

Contact the seller