Property photos
Just added
Offers in region of
£115,000
(£111.33/sq. ft)
Retail premises for sale
Sheriffs Highway, Gateshead NE9From 1,033 - 2,219 sq. ft
Local area information
Property location
Nearby amenities
- River Tyne Academy Gateshead 0.2 miles
- Dryden School (SEN) 0.2 miles
- Heworth 1.5 miles
- Newcastle 2.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Substantial retail property
- Extended to full site depth
- Corner position on busy main road
- Ground floor totalling 2219 ft2 (206.15 m2)
- First floor totalling 1033 ft2 (95.97 m2)
- Immediately adj. To Vantage Pharmacy and William Hill
Location
The property is prominently positioned on Sheriff’s Highway having frontage to Old Durham Road in the Sheriff’s Hill area of Gateshead approximately 1.5miles South of Gateshead Town Centre and 2 miles South of Newcastle upon Tyne. Immediately adjacent occupiers in the parade include Vantage Pharmacy and William Hill.
Description
The premises have been occupied as a hardware store for a number of years. The main building is of 2 storey stone construction with a pitched roof having a large modern single storey extension to the rear built to full site depth. In addition, there are also 3 car parking spaces located adjacent across the side lane.
Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor
Sales Area 2219 206.15
First Floor
Store 1033 95.97
Externally
car parking for 3 vehicles.
Tenure
We are advised the property is Freehold
Asking price
Offers in the region of £115,000 (one hundred and fifteen thousand pounds)
Leasehold
Alternatively a new Lease is available at a commencing annual rental of £12,500 for a term of years to be agreed (minimum 3 years) on an Fri basis.
Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.
Viewing
Contact – Mario Jaconelli or Alexa Reavley
•
•
• VAT
The property is not subject to VAT.
Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £12,750. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation. Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification
Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.
Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.
Ref EPC
C4222 Energy Rating 74/C
The property is prominently positioned on Sheriff’s Highway having frontage to Old Durham Road in the Sheriff’s Hill area of Gateshead approximately 1.5miles South of Gateshead Town Centre and 2 miles South of Newcastle upon Tyne. Immediately adjacent occupiers in the parade include Vantage Pharmacy and William Hill.
Description
The premises have been occupied as a hardware store for a number of years. The main building is of 2 storey stone construction with a pitched roof having a large modern single storey extension to the rear built to full site depth. In addition, there are also 3 car parking spaces located adjacent across the side lane.
Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor
Sales Area 2219 206.15
First Floor
Store 1033 95.97
Externally
car parking for 3 vehicles.
Tenure
We are advised the property is Freehold
Asking price
Offers in the region of £115,000 (one hundred and fifteen thousand pounds)
Leasehold
Alternatively a new Lease is available at a commencing annual rental of £12,500 for a term of years to be agreed (minimum 3 years) on an Fri basis.
Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.
Viewing
Contact – Mario Jaconelli or Alexa Reavley
•
•
• VAT
The property is not subject to VAT.
Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £12,750. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation. Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification
Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.
Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.
Ref EPC
C4222 Energy Rating 74/C
More information
Listed by
Lofthouse and Partners Ltd
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Property descriptions and related information displayed on this page are marketing materials provided by - Lofthouse and Partners Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Lofthouse and Partners Ltd for full details and further information.