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Westoe Crown Village, South Shields

Office for sale

£1,600,000 16,151 sq ft

MHPI Ltd
Highlights
  • South Shields is an important coastal town and one of the North East’s most popular seaside resorts
  • South Shields is the administrative and commercial centre of South Tyneside
  • The town has excellent transport links to the wider region
Property type

Office for sale Search all

Full address
1-6 Sea Winnings Way, South Shields NE33 3PE – South Shields
Asking price
£1,600,000
Available space range
There is 1 space available. This measures 16,151 sq ft.
Features
Secure storage
Brochure
Download the brochure

Sale details

Sale unit 3993311 Available

16,151 sq ft, £99.07 per sq ft, available now

Unit Sale unit 3993311
Address 1-6 Sea Winnings Way, South Shields, Tyne And Wear, NE33 3PE, GB
Size 16,151 sq ft
Price £1,600,000
Price per unit £99.07 per sq ft
  • The rents range from between £11 and £16 per sq ft.
  • There are a number of similar schemes where the rents are £15 and in some cases closer to £20 per sq ft.
  • In our opinion the rents at westoe village should be in the region of £15 per sq ft and some of the rents within the scheme are already close to these levels.
  • With the asset management opportunities set out below carried through we would expect £15 to be achievable.
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for Westoe Crown Village, South Shields

The property consists of a parade of 7 retail units at ground floor with two floors of residential situated above to first and second floors. The property is an attractive block of brick and reconstituted stone situated under a pitched tiled roof. To the front there are 30 car parking spaces. To the rear there is a secure yard for the benefit of the retail units and parking for the residents. The retail element provides a total of 10,984 sq ft. The majority of this accommodation is ground floor, with a small element of first floor stores above the Tesco unit.

Number of storeys
3
Rentable building area
16,151 sq ft
Year built
2011
Parking
Surface

Attachments

PDF #1 Marketing brochure/flyer Download

This office for sale is located in South Shields.

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Meet the team

MHPI Ltd

  • James Metcalf
  • Simon Harland
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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to MHPI Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact MHPI Ltd for full details and further information.