Description LOCATION The subject property is situated on Westoe Road in South Shields, South Tyneside. Westoe Road is a thriving mixed-use street offering a wide variety of local businesses including retail shops, café and restaurants. The property is situated on the A1018, a key arterial road that provides easy access to Sunderland city centre to the south as well as broader connections to surrounding areas. Chichester Metro Station is within walking distance from the property and provides direct links to South Shields and the wider South Tyneside area. DESCRIPTION This well-maintained, two-storey mid-terrace building offers a fantastic opportunity for investors seeking a versatile asset in a prime location. The property comprises a ground-floor commercial space currently suitable for retail or office use, offering a highly visible and accessible position with ample foot traffic. The first floor is a spacious residential apartment, which is currently tenanted and generating an annual rental income of £3,900.The first-floor apartment is well-proportioned, offering a comfortable living space with a large lounge, fully fitted kitchen, three bedrooms, and bathroom. With the property already generating a steady income, this is an ideal addition to any investment portfolio. To the rear is a gated yard space. ACCOMMODATION Ground Floor Retail – 47.7m2 (513 ft2). First Floor Apartment – 54.2m2 (583 ft2). Total NIA – 101.9m2 (1,097 ft2). TENURE Freehold Title Name: Rent PCM: Rent PA 73 Westoe Road £325 £3,900 75 Westoe Road Nil Nil Total £325 £3,900 Available by way Freehold Title at a Guide Price of £88,000 (Eighty Eight Thousand Pounds). RATING ASSESSMENT The rateable value of the premises as at 1 April 2023 is £4,500 and the estimated rates payable for the current year is £2,205. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority. EPC Rating 73 Westoe Road- E44 75 Westoe Road- B49 VAT All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT. Legal Costs Each party is responsible for their own legal costs. Anti-money Laundering Regulation In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income. Contact: Michael McGhin For all enquiries and viewing arrangements please contact the Sunderland Office Tel: 0191 563 4242 Email: sunderland@bradleyhall.co.uk Show more