Retail premises for sale

75 King Street, South Shields NE33

The property comprises three commercial tenants on the ground floor, generating an annual income of £47,000. The available upper-floor space spans the first, second, and third floors. The building is of traditional brick construction with a pitched roof. Access to the office space is through the main entrance on King Street, which leads to a central vestibule and a stairwell providing access to all three floors. The first floor was in use until February 2024, while the upper floors have primarily been utilized for storage and staff welfare purposes.

The property is located in the heart of the town centre within an area that is undergoing some considerable development. South Tyneside and the Marine College are intending to relocate adjacent to the subject property and naturally it is anticipated that this will generate a large increase in footfall to this part of the town. The plans will see South Tyneside College and South Shields Marine School relocating from its current Westoe site into the heart of the town centre.