Unspecified Property Type For Sale

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Property Description

South Shields is a coastal town located in the northeast of England, in the metropolitan borough of South Tyneside, Tyne and Wear. Situated along the southern bank of the River Tyne, it's known for its rich maritime history, scenic beaches, and vibrant local culture.

The town is well-connected, with regular bus and Metro services linking it to nearby Newcastle upon Tyne and the surrounding areas. South Shields offers a blend of traditional seaside charm and modern amenities.

The subject property is situated in a prominent roadside position, fronting Crossgate which is a main route into South Shields town center from Western approach. The location is on the fringe of South Shields town centre and the areas surrounding comprise a mix of residential and commercial uses. Opposite the subject property is a petrol filling station and a gym operated by the Gym Group.

The surrounding residential areas are densely populated comprising terraced streets. According to the 2021 census, the population of South shields was 75,337, making it the fourth largest settlement in Tyne and Wear after Newcastle, Sunderland and Gateshead.

Starbucks Coffee Company (UK) Limited 15 year lease term Rent Review Every 5th anniversary of the lease subject to RPI uplifts only �84,990 per annum 1,840 sqft

Indigo Sun Retail Limited 15 years term Break option at 10th anniversary of the lease Rent Review Every 5th anniversary subject to Open Market �30,000 per annum (6 months rent free from term commecenement) 1,200 sq ft

4 Greggs Plc 10 years lease Rent Review Every 5th anniversary subject to RPI �30,000 per annum (9 months rent free) 1,200 sq ft

EV Charging Gridserve Electric Hubs Limited 30 year term Rent review every 12th month anniversary subject to CPI linked reviews. �36,000 per annum 8 bays �4,500 per bay Contracted out

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