Property photos
Guide price
£175,000
Retail premises for sale
Westoe Road, South Shields NE33Local area information
Property location
Nearby amenities
- Laygate Community School 0.2 miles
- St Bede's RC Voluntary Aided Primary School, South Shields 0.3 miles
- South Shields Ferry Terminal 0.7 miles
- Newcastle International Ferry Terminal 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for South Shields to find out more about the local area.
Features and description
Summary
Presenting a unique investment opportunity on the popular Westoe Road, South Shields. This freehold property comprises a ground-floor commercial unit with basement and an expansive four-bedroom upper maisonette, both offered with vacant possession. Situated in a prime location, this property is ideal for investors seeking rental income or business owners desiring a combined commercial and residential space.
Ground-Floor Commercial Unit:
Versatile Space: The commercial unit offers a spacious layout suitable for various business ventures, including retail, office, or service-oriented enterprises. Located on the bustling Westoe Road, the unit benefits from high visibility and foot traffic, enhancing business exposure. A private entrance, ensuring convenience for both customers and staff.
Upper Four-Bedroom Maisonette:
Generous Accommodation: The maisonette spans two floors, providing ample living space with four well-proportioned bedrooms, making it suitable for families or as a shared rental property.
Living Areas: Includes a comfortable lounge area and a spacious kitchen/diner, perfect for modern living requirements.
Bathrooms: Equipped with two bathrooms, enhancing convenience for occupants.
Condition: The property has been recently redecorated throughout, offering a fresh and welcoming atmosphere.
Connectivity: Excellent transport links with nearby bus routes and proximity to Chichester Metro Station, facilitating easy commutes to surrounding areas.
Coastal Proximity: A short distance from South Shields' renowned coastline, offering leisure opportunities and scenic views.
Investment Potential:
The combination of a commercial unit and a spacious residential maisonette presents a dual-income opportunity. The property's location on Westoe Road, a sought-after area in South Shields, further enhances its appeal to potential tenants and business owners. Comparable properties in the vicinity have demonstrated strong market performance, indicating a promising return on investment.
This property offers a rare opportunity to acquire a mixed-use premises in a vibrant area of South Shields. With its vacant possession, it is ready for immediate occupation or rental. Whether you're an investor seeking a property with versatile income streams or a business owner looking for a combined commercial and residential space, 124 Westoe Road is a compelling prospect.
For further details or to arrange a viewing, please contact the local agent.
Location
The subject property is located within Westoe Road around quarter of a mile outside South Shields main town centre. Westoe Road is one of the primary routes into the town from the east and is made up of various commercial businesses and residential property.
Rateable Value
The adopted rateable value is 5000 as of 1st April 2023.
Sourced from voa.
Tenure
Freehold - Title number TY257724 E
EPC
Awaiting a copy of EPC
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
Presenting a unique investment opportunity on the popular Westoe Road, South Shields. This freehold property comprises a ground-floor commercial unit with basement and an expansive four-bedroom upper maisonette, both offered with vacant possession. Situated in a prime location, this property is ideal for investors seeking rental income or business owners desiring a combined commercial and residential space.
Ground-Floor Commercial Unit:
Versatile Space: The commercial unit offers a spacious layout suitable for various business ventures, including retail, office, or service-oriented enterprises. Located on the bustling Westoe Road, the unit benefits from high visibility and foot traffic, enhancing business exposure. A private entrance, ensuring convenience for both customers and staff.
Upper Four-Bedroom Maisonette:
Generous Accommodation: The maisonette spans two floors, providing ample living space with four well-proportioned bedrooms, making it suitable for families or as a shared rental property.
Living Areas: Includes a comfortable lounge area and a spacious kitchen/diner, perfect for modern living requirements.
Bathrooms: Equipped with two bathrooms, enhancing convenience for occupants.
Condition: The property has been recently redecorated throughout, offering a fresh and welcoming atmosphere.
Connectivity: Excellent transport links with nearby bus routes and proximity to Chichester Metro Station, facilitating easy commutes to surrounding areas.
Coastal Proximity: A short distance from South Shields' renowned coastline, offering leisure opportunities and scenic views.
Investment Potential:
The combination of a commercial unit and a spacious residential maisonette presents a dual-income opportunity. The property's location on Westoe Road, a sought-after area in South Shields, further enhances its appeal to potential tenants and business owners. Comparable properties in the vicinity have demonstrated strong market performance, indicating a promising return on investment.
This property offers a rare opportunity to acquire a mixed-use premises in a vibrant area of South Shields. With its vacant possession, it is ready for immediate occupation or rental. Whether you're an investor seeking a property with versatile income streams or a business owner looking for a combined commercial and residential space, 124 Westoe Road is a compelling prospect.
For further details or to arrange a viewing, please contact the local agent.
Location
The subject property is located within Westoe Road around quarter of a mile outside South Shields main town centre. Westoe Road is one of the primary routes into the town from the east and is made up of various commercial businesses and residential property.
Rateable Value
The adopted rateable value is 5000 as of 1st April 2023.
Sourced from voa.
Tenure
Freehold - Title number TY257724 E
EPC
Awaiting a copy of EPC
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
More information
Listed by
Pattinson - Commercial
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