5-7 Mill Dam, South Shields

£285,000

Guide price

LOCATIONThe property is situated in South Shields, a busy coastal town located approximately 12 miles to the east of Newcastle upon Tyne and approximately 6 miles north of Sunderland.The town is accessed via the A1300 and A194 roads, which link to the A19 dual carriageway. The A19 gives easy access to the south and north of the region via the Tyne Tunnel and to the A1 (M). The town has excellent communication links including the Tyne & Wear Metro link and there are regular ferry services running between North Shields and South Shields. Mill Dam is situated just by the river front next to the South Shields Ferry terminal in a mixed use area. Within the immediate vicinity there are residential dwellings, a number of public houses and leisure operators. Within walking distance is an Asda Supermarket and South Shields town centre which is home to a vast array of local and national retailers.DESCRIPTIONThe subject comprises a ground floor retail unit with 10 single bed sits to the first floor. Both units have their own individual access from Mill Dam. The building itself is set over two storeys and is of brick construction with a pitched tiled roof.The ground floor retail unit known as number 7 Mill Dam is currently vacant but was most recently tenanted by the current occupier trading as Pretty Things – Unique Home Furnishings. The ground floor sales area is at street level and slightly raised in part, there is a rear storage area, and a staff WC. The unit has single glazed windows and has naturally been fitted-out to the current occupier's specifications.The first floor bedsit which is known as 5 Mill Dam comprises of 10 single bedrooms all off a central hallway, 3 shower rooms and communal bathroom and kitchen. The property benefits from uPCV double glazing throughout and access to all mains services, these being water, electricity and gas.ACCOMMODATIONThe property has been measured in accordance with the RICS Code of Measuring Practice 6th Edition. The measurements referred to below are the approximate net internal areas. Floor M² Ft²Ground 154.18 1,659First 148.69 1,600Total 302.87 3,259TENANCY INFORMATIONProperty (Tenant) Lease terms Rent (PAX)Vacant n/a ERV = £12,00010 bedrooms (3 vacant) Available on request £25,480 Total £25,480TERMSThe property is available for sale with a price of £285,000 for the benefit of our client's freehold interest.VATAll rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.LEGAL COSTSEach party is to bear their own legal costs involved in the transaction.VIEWINGFor general enquiries and viewing arrangements please contact Nicholas Bramwell or Richard Rafique at Bradley Hall.Tel: 0191 232 8080Email: nicholas.bramwell@bradleyhall.co.ukrichard.rafique@bradleyhall.co.uk