FREEHOLD RETAIL OPPORTUNITY
BUSY MAIN ROAD FRONTAGE
SUITABLE FOR A VARIETY OF USES INCLUDING RESIDENTIAL
CONVERSION SUBJECT TO PLANNING APPROVAL
NIA: 79.40 M² (854 SQ FT)
OFFERS INVITED OVER £80,000 (SUBJECT TO CONTRACT)
108 SHERIFFS HIGHWAY, GATESHEAD, TYNE & WEAR, NE9 4SD
The subject property is located on Old Durham Road which is the main route leading from Gateshead town centre towards the Queen Elizabeth Hospital and Wrekenton. The area is predominately residential and there are high levels of captive trade with significant passing trade
supported by on street parking.
The property comprises a two storey mid terraced building which provides ground floor retail, storage and staff toilet and additional ancillary and storage accommodation to the first floor.
Externally there is an enclosed rear yard which is accessed on foot.
From onsite measurements the following
areas have been calculated (NIA):
Ground Floor Retail Sales 43.80 m²
First Floor Accommodation 35.58 m²
Total NIA: 79.38 m² (844 sq ft)
It is understood that all mains services are available to the site.
(All interested parties should satisfy themselves with the local service providers).
We understand that the premises have planning permission for use as A1 (retail) under the Town & Country Planning (Use Classes) order 1987 (as amended). The property has potential for residential conversion subject to receipt of planning approval.
All enquiries should be directed to Gateshead Council Planning Department Tel: 0191 433 3000.
From verbal discussions with the Local Rating Authority it is understood that the premises have been assessed at RV £2,550.
ENERGY PERFORMANCE CERTIFICATE
Full details upon request
Offers are invited for the benefit of the freehold interest with vacant possession at an asking price of offers over £80,000 (subject to contract).
Each party will be responsible for their own legal fees involved with the transaction.
VAT is not applicable.