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£35,000

(£50.72/sq. ft)

Retail premises for sale
New Green Street, South Shields NE33

    • 690 sq. ft

Business
Added on 05/10/2022

About this property

  • Business for Sale

  • Ground Floor Retail

  • Available by Way of Assignment of Lease

  • NIA 64.1m2 (690 sq ft)

Summary

Business For Sale

The subject premises is a ground floor retail unit located in South Shields. The business is very well known and is a supplier for local barbers, hair and beauty salons throughout the North East, with potential to grow the business further with the addition of online sales and marketing.

Location

The subject property is well located along New Green Street. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 1 miles from South Shields town centre and approximately 11 miles from Newcastle city centre.

Accommodation

Shop (7.40m x 7.00m)
Office (3.30m x 2.60m)
W.C.

Business Details

The subject business is currently trading as a hair and beauty supplier and enjoying healthy profits. Current opening times Monday, Tuesday, Thursday and Friday - 09:00 - 16:00. Wednesday - 09:00 - 14:00. Saturday - 09:00 - 13:00. Sunday - closed. Accounts will be made available on serious interest.

Lease Details

We are verbally advised a 21 year lease was granted in 2007 with 6 years remaining at an annual rent of 6,200.
We currently await lease to be provided.

EPC

Available upon request (rating C).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

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Monthly repayment

£175 per month

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