• 3 shops plus vacant upper floor.
• Located in the heart of the town centre.
• Adjacent to the proposed new college.
• Current rental income £47,750 per annum.
• Potential rental income £62,750 per annum.
• FREEHOLD OFFERS OVER £560,000 + VAT.
- Asking Price:
- £560,000
- Turnover:
- £47,750
- Net Profit:
- £47,750
Property Information
- Property:
-
Freehold
- Location:
-
This is an investment property comprising three separate retail elements with vacant offices above which could be suitable for conversion or letting. The property has dual frontage onto King Street and East Street / Waterloo Vale.
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.
- Premises Details:
-
A four-storey end terrace property of traditional red brick construction with a pitched roof over.
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