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166-168 Dean Rd

Shop for sale

£420,000 3,518 sq ft

Savoy Stewart
Contact name

Nick Sherling - Savoy Stewart

Full address
166-168 Dean Rd, South Shields NE33 4AQ – South Shields
Highlights
  • Prominently located convenience store
  • Store benefits from a large public customer car park to rear
  • The unit is within short walking distance of Chichester Metro Station and nearby The Port of Tyne
Property owner
The Co-operative Group
Property type

Shop for sale

Asking price
£420,000
Available space range
There is 1 space available. This measures 3,518 sq ft.
Features
Pool, Energy Performance Rating - C

Sale details

Sale unit 4044948 Available

3,518 sq ft, £119.39 per sq ft

Unit Sale unit 4044948
Address 166-168 Dean Rd, South Shields, Tyne And Wear, NE33 4AQ, GB
Size 3,518 sq ft
Price £420,000
Price per unit £119.39 per sq ft
Unit Sale unit 4044948
Address 166-168 Dean Rd, South Shields, Tyne And Wear, NE33 4AQ, GB
Size 3,518 sq ft
Price £420,000
Price per unit £119.39 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 6.47%
Financial type Actual
Financial year 2018
Net operating income £27,174

Sale notes

  • Prominently located convenience store ›› store benefits from a large public customer car park to rear ›› the whole property is let for 16.5 years with no breaks to martin mccoll limited ›› fixed uplifts at 2% pa compounded throughout offering guaranteed rental growth total current rents reserved £28,329 per annum rising to £31,278 per annum on 19th may 2025›› low passing rent of only £8.50 per sq ft.

Property description

The building is a brick built end of terrace two storey under pitched slate roof. The retail shop is arranged over the ground floor with ancillary and staff accommodation to the rear and in part of the first floor. The sales area provides a full range of grocery products, bakery, ATM and an off licence. There is a flat on the first floor/attic. This has been sold off on a long leasehold basis. The premises benefits from a large public customer car park to the rear of the store.

Building subtype
Storefront
Number of storeys
2
Rentable building area
3,518 sq ft
Year built
1972

This shop for sale is located in South Shields.

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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 Savoy Stewart. 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 Savoy Stewart for full details and further information.