DEVELOPMENT OPPORTUNITY WITH SHORT TERM INCOME FOR SALE

South House NE33 4LS LOCATION The property is located in South Shields which is situated approximately 9 miles east of and 8 miles north of . The town benefits from excellent road communications being approximately 3 miles north east of the A19 and 4 miles north east of the A194(M) which leads directly to the A1.

The property itself occupies a prominent position on Westoe Road (A1018) close to the Crossgate Junction and adjacent to South Shields Town Hall.

DESCRIPTION South Tyneside House comprises a 4 storey office building constructed from steel portal frame. Internally, the central core has been refurbished to a good standard and offers access to the ground floor and stairwell to the upper floors. The building includes lift access to all floors and open plan floor plates. The first floor has been fitted out as office accommodation incorporating comfort cooling, suspended ceilings and is fully carpeted. TENANCY SCHEDULE FLOOR TENANT RENT pa LEASE EXPIRY ACCOMMODATION Ground Floor 4,683 sq. ft. (435.66 sq. m) Ground Floor VACANT NIL N/A First Floor Ingeus £43,920 26th March 2017 (not in occupation) First Floor 4,392 sq. ft. (408.31 sq. m) Second Floor VACANT NIL N/A

Second Floor 4,510 sq. ft. (418.99 sq. m) Third Floor VACANT NIL N/A

Third Floor 4,693 sq. ft. (435.95 sq. m) Mast 1 EE £5,100 30th October 2026 (3 month rolling tenant breaks) Mast 2 Vodafone £6,500 9th March 2026 (3 month rolling tenant breaks) Total 18,278 sq. ft (1,699 sq. m) GROUND FLOOR FIRST FLOOR SECOND FLOOR M A193

A1058 North Marine Park A187 B1344 NORTH M SOUTH SHIELDS SHIELDS

A19 NORTH South A193 SHIELDS Marine Park SOUTH A183 SHIELDS M

Royal Quays Westoe Outlet Marina Crown Centre Village A183 A1018 A185 Ferry A1018 Terminal

IM E A R Y S T A194 R EE A19 M T

PRICE LEGAL COSTS FURTHER INFORMATION Offers to purchase the freehold title are invited in the Each party is to bear their own legal costs involved in For general enquiries and viewing arrangements region of £595,000. the transaction. please contact Simon Taylor or Jessica Simpson on 0191 232 7030 or email [email protected] RATING ASSESSMENT VAT or [email protected]. To be reassessed. All prices quoted are exclusive of VAT.

ENERGY PERFORMANCE CERTIFICATE The EPC rating is C70.

Misrepresentations Act 1967 and Consumer Protection from Unfair Trading Regulations 2008 – these particulars shall not form part of any offer or contract and no guarantee is given to the condition of the property or the accuracy of this description. Any intending purchaser or tenant is not to rely on any representation made in these particulars and must satisfy themselves as to their own investigations before entering in to any contract. Publication Date July 2016.