To Let 111 King Street, South Shields Ne33 1Dp

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RETAIL UNIT - TO LET 111 KING STREET, SOUTH SHIELDS NE33 1DP LOCATION South Shields is the principal commercial centre of South Tyneside and is located approximately 8 miles east of Newcastle upon Tyne. The subject premises are situated on the pedestrianised King Street which constitutes the main shopping pitch within the town centre. Nearby retailers include Poundland, Peacocks, Boyes, WH Smith and Greggs as identified on the attached Goad extract. ACCOMMODATION The accommodation is arranged on ground, basement first and second floors and offers the following approximate floor areas and dimensions: Gross Frontage 22 ft 1 ins (7m) Internal Width 20 ft 3 ins (6m) Ground Floor Sales 1,718 sq ft (160 sq m) Ground Floor Ancillary 110 sq ft (10 sq m) First Floor Storage 1,187 sq ft (110 sq m) Second Floor Storage 1,410 sq ft (131 sq m) WC/Ancillary LEASE TERMS EPC The premises are offered on the basis of a new FRI An Energy Performance Certificate is available on lease for a term to be agreed subject to five yearly application from this office rent reviews at an initial rent of £20,000 per annum exclusive. VAT All figures quoted in these terms are exclusive of VAT where chargeable RATES We are verbally advised that the premises are LEGAL COSTS assessed as follows:- Each party will be responsible for their own legal costs incurred in connection with the transaction. Rateable Value £22,000 Rates payable April 2019/20 £7,223 VIEWING The above rates payable figure assumes the ingoing Strictly by appointment with @retail: tenant will benefit from the Govt subsidy of 33.3% reduction for RV’s of less than £51,000 and Ian Angus applicable until at least April 2021. DD: 0191 280 4235 Interested parties are advised to seek verification of Mob: 07960 466211 the above from the Local Rating Authority. Email: [email protected] SUBJECT TO CONTRACT SEPTEMBER 2019 .

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