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1 King Street & 2-4 Fowler Street, South Shields, Tyne And Wear, NE33 1DA

Retail
12,410 Sq Ft (1,152.89 Sq M)
For Sale
£375,000 for the Freehold

Prime retail location

Potential for alternative uses subject to planning

Rare freehold opportunity

South Shields transport interchange within walking distance

John Cranshaw

Interested in this property?
Please contact me

john.cranshaw@naylorsgavinblack.co.uk 0191 232 7030

Chris Pearson

Interested in this property?
Please contact me

chrisp@naylorsgavinblack.co.uk 0191 211 1555
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Location

The nearby development of the South Shields transport interchange makes the unit easily accessible, along with ample parking on Fowler Street and the Morrison's car park. The Masterplan Vision for South Shields sets out a framework for the future of the Town Centre over the next 10 years. It seeks to deliver a vibrant, attractive, and healthy town with a secure and sustainable future. A place where people want to live, work, study and socialise.

South Shields is a coastal town located approximately 4 miles South East of the Tyne Tunnel, 8 miles east of Newcastle upon Tyne and 9 miles North West of Sunderland. The town has a resident population of 75,300 persons widening to 150,000 persons in the South Tyneside district. (2021 Census).

Description

The property occupies one of the prime positions on King Street the town's principal pedestrianised retail thoroughfare, with nearby retailers including Santander, New Look, Card Factory, JD Sports, Vodafone, Sports Direct and Boots. The property has the benefit of being visible from both Fowler Street and King Street, with public transport and parking being closely available.

Internally the property is arranged over five floors, with the ground floor currently a retail unit for Barclays Bank. The upper floors could be made available for various uses including the potential of residential conversion subject to contract.

Terms

Freehold.