Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment opportunity situated in the pedestrianised heart of South Shields.
Arranged across ground floor only and forming part of a popular local parade, fronting a pedestrianised street, the property is let to a private individual trading as Star Nails & Spa on a lease expiring 17/11/2025 and paying a rent of £20,000 per annum.
King Street comprises the principal pedestrianised retail amenity in South Shields, with local occupiers including Poundland, Peacocks, Bonmarche and Lloyds Bank.
Tenure
Freehold
Tenancy
The property is let to a private individual trading as Star Nails & Spa on a lease expiring 17/11/2025 and paying a rent of £20,000 per annum. The lease is on full repairing and insuring terms.
The Freehold includes a wider area and upper parts, however these are sold off on a long leasehold basis.
Rent
Notes
We understand the property is elected for VAT, it is anticipated the sale can be treated as a Transfer of a Going Concern (TOGC).