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196 Green Ln, South Shields

Retail storefront for sale in South Shields

£299,950 / 1,248 sq ft

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Highlights

Features

Asking price
£299,950
Links
PDF #1 Ne009 - 196 green lane south shields 1

Sale details

There is 1 space available, measuring 1,248 sq ft.

Sale unit Available

Unit
Sale unit
Size
1,248 sq ft
Price
£299,950
Price per sq ft
£240.34
  • The property comprises a substantial two storey detached building providing two separate takeaway units on the ground floor, both of which are currently let.
  • There is separate vacant residential accommodation to the upper floors which has been refurbished over recent years.
  • The latter is accessed from the front, gable and rear elevations.
  • There is provision for off-street parking to the rear yard.
  • The property has uPVC double glazing with automated security shutters to the front elevation at ground floor.
  • Both ground floor takeaway units are currently let, the Pizza Unit is let at a rental of £9,500 pa and the Chinese Takeaway unit for £12,000 pa respectively.
  • The upper floors are currently vacant, however, we have estimated that the rental income for these parts to be in the region of £9,000 pa.
Sale type Investment
Tenure Freehold

Property facts for 196 Green Ln, South Shields

The property comprises a two storey, masonry building with two ground floor retail units and residential accommodation above. The property is located in South Shields. South Shields is a popular resort town location on the North East Coast approximately 8 miles east of Newcastle upon Tyne. The property is positioned in a prominent position, being located to the South of the Town centre and within close proximity of Boldon Lane which is one of the main arterial roads leading into the Town Centre. This is an established residential area.

Building subtype
Retail storefront
Number of storeys
2
Total building area
1,248 sq ft
Rentable building area
1,248 sq ft
Construction material
Masonry
Year built
1932

Major tenants

Name Description Size Move in date Locations
Guy's Chinese Takeaway Description - Size 681 sq ft Move in date - Locations 1
Pizza Rush Description - Size 567 sq ft Move in date - Locations 1

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196 Green Ln, South Shields

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North East Commercial

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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 North East Commercial. 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 North East Commercial for full details and further information. 7791157