Investment Property
Descripción
A substantial, commercial premises in a highly visible and accessible roadside position on the edge of a busy town centre. The property comprises of four floors and has the potential to generate rental income for an investor or would suit a developer looking to convert to residential or other commercial uses. Please note: Price advertised is based on Vacant Possession and is not based on rental income currently received.Ubicación
The property is situated on Ocean Road in South Shields, a busy seaside town in Tyne and Wear, circa 11 miles east of Newcastle upon Tyne. Ocean Road is a very busy street forming part of a long established licensed circuit, with bars, restaurants and guest houses/B&B's. The surrounding areas are also densely populated with residential housing. Other commercial premises nearby are occupied by a Morrisons supermarket and Halifax bank.Zonas Comunes
The property is subdivided in to three separate trading areas, as follows;
Basement - previously occupied by a local night club operator and briefly comprises a dance floor/drinking area, numerous bar serveries, customer toilets and four store rooms.
Ground Floor - currently occupied by a local, independent retailer and comprising a shop floor/sales area with two store rooms, an office and staff toilets.
First & Second Floors - previously occupied by a live music and events operator with a main open plan trade area, bar servery and ancillary areas including customer toilets, office and store rooms. The second floor is for ancillary use only and comprises toilets and numerous offices and stores.