south tyneside house - Invest North East England
DEVELOPMENT OPPORTUNITY WITH SHORT TERM INCOME
South Tyneside House South Shields Tyne and Wear NE33 4LS
FOR SALE
LOCATION The property is located in South Shields which is situated approximately 9 miles east of Newcastle upon Tyne and 8 miles north of Sunderland. 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.
ACCOMMODATION
TENANCY SCHEDULE FLOOR
TENANT
RENT pa
LEASE EXPIRY
Ground Floor
VACANT
NIL
N/A
First Floor
Ingeus
£43,920
26th March 2017 (not in occupation)
Second Floor
VACANT
NIL
N/A
Ground Floor
4,683 sq. ft. (435.66 sq. m)
First Floor
4,392 sq. ft. (408.31 sq. m)
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)
Total
18,278 sq. ft (1,699 sq. m)
Mast 2
Vodafone
£6,500
9th March 2026 (3 month rolling tenant breaks)
GROUND FLOOR
FIRST FLOOR
SECOND FLOOR
M
A193
A1058
A187
NORTH SHIELDS A19
A193
SOUTH SHIELDS
M
NORTH SHIELDS
SOUTH SHIELDS
A1018
JARROW
North Marine Park
TYNEMOUTH
South Marine Park A183
M
A183
Royal Quays Outlet Centre
Royal Quays Marina
Westoe Crown Village
A1018
Ferry Terminal
A185
B1344
T
M
E RE ST RY EA IM
A194 A19
PRICE
LEGAL COSTS
FURTHER INFORMATION
Offers to purchase the freehold title are invited in the region of £595,000.
Each party is to bear their own legal costs involved in the transaction.
RATING ASSESSMENT
VAT
For general enquiries and viewing arrangements please contact Simon Taylor or Jessica Simpson on 0191 232 7030 or email [email protected] 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.
South Tyneside House South Shields Tyne and Wear NE33 4LS
FOR SALE
LOCATION The property is located in South Shields which is situated approximately 9 miles east of Newcastle upon Tyne and 8 miles north of Sunderland. 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.
ACCOMMODATION
TENANCY SCHEDULE FLOOR
TENANT
RENT pa
LEASE EXPIRY
Ground Floor
VACANT
NIL
N/A
First Floor
Ingeus
£43,920
26th March 2017 (not in occupation)
Second Floor
VACANT
NIL
N/A
Ground Floor
4,683 sq. ft. (435.66 sq. m)
First Floor
4,392 sq. ft. (408.31 sq. m)
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)
Total
18,278 sq. ft (1,699 sq. m)
Mast 2
Vodafone
£6,500
9th March 2026 (3 month rolling tenant breaks)
GROUND FLOOR
FIRST FLOOR
SECOND FLOOR
M
A193
A1058
A187
NORTH SHIELDS A19
A193
SOUTH SHIELDS
M
NORTH SHIELDS
SOUTH SHIELDS
A1018
JARROW
North Marine Park
TYNEMOUTH
South Marine Park A183
M
A183
Royal Quays Outlet Centre
Royal Quays Marina
Westoe Crown Village
A1018
Ferry Terminal
A185
B1344
T
M
E RE ST RY EA IM
A194 A19
PRICE
LEGAL COSTS
FURTHER INFORMATION
Offers to purchase the freehold title are invited in the region of £595,000.
Each party is to bear their own legal costs involved in the transaction.
RATING ASSESSMENT
VAT
For general enquiries and viewing arrangements please contact Simon Taylor or Jessica Simpson on 0191 232 7030 or email [email protected] 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.
