Mill Dam, South Shields, NE33

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Key Features
Retail Unit: Ground-floor retail space
Scenic Views: Attractive river views
Current Use: Set up as a hair salon and tattoo studio
Parking: Convenient on-street parking
Lease Terms: New lease available
Size: Net Internal Area (NIA) of 87.2 sq. m. (938 sq. ft.)

Transport Links
Bus stop within 140 meters
0.3 miles from South Shields Metro Station
Close to South Shields Town Centre
Approximately 16 miles from Newcastle Airport and 11 miles from Newcastle City Centre

Property Overview

Location
Situated in South Shields, a lively coastal town within South Tyneside on the south bank of the River Tyne, this property is ideally positioned on Mill Bank Road. It benefits from close proximity to key local amenities, including The Custom Theatre and the National Centre for the Written Word. The area is well-connected by the A19, accessible via the A194, linking to North Tyneside through the Tyne Tunnel and extending south to Sunderland and Teesside.

Description
This mid-19th-century brick-built terrace unit offers a spacious retail area along with two additional rooms suitable for office or storage use. The space also includes kitchen and WC facilities.

Accommodation
Ground Floor Retail: 87.2 sq. m. (938 sq. ft.)

Rating Assessment
As of April 1, 2023, the rateable value is £4,650, with estimated rates payable at £2,278.50 based on a Small Business Rate of 49.9p per pound. Prospective tenants should verify details with the Local Authority.

EPC Rating
Rated C-58.

Terms
The property is available under new Full Repairing and Insuring (FRI) lease terms. Home owner guarantor required.  Legal Costs
Each party is responsible for their own legal costs.

Anti-Money Laundering Compliance
In line with regulations, tenants or purchasers will need to provide identification and proof of funding sources.