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Just added
Guide price
£140,000
Retail premises for sale
Frederick Street, South Shields NE33Local area information
Property location
Nearby amenities
- Laygate Community School 0.3 miles
- St Bede's RC Voluntary Aided Primary School, South Shields 0.5 miles
- Newcastle International Ferry Terminal 0.5 miles
- South Shields Ferry Terminal 0.7 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
- Located within easy reach of South Shields town centre
- Large living room
- Close to major road links including the A19 and Tyne Tunnel
- Large four-bedroom maisonette arranged over the first and second floors
- Spacious accommodation
Summary
An excellent opportunity to acquire a substantial mixed-use freehold property situated in a well-established commercial and residential location in the heart of South Shields. Frederick Street is a vibrant mixed retail and residential area, popular with local businesses and conveniently located within easy reach of South Shields town centre, the Metro system, and major road links including the A19 and Tyne Tunnel, providing easy access to Newcastle, Sunderland, and surrounding areas.
The property comprises a ground floor commercial unit suitable for a variety of business uses and a large four-bedroom maisonette arranged over the first and second floors, currently tenanted and generating immediate rental income.
Ground Floor Commercial Unit (24 Frederick Street):
Prime retail/office unit with prominent frontage onto Frederick Street.
Flexible internal layout, ideal for a range of retail, office, or service uses (subject to necessary consents).
Good condition with shop frontage, open-plan sales area, kitchen/ prep rooms, and WC facilities.
Potential for owner occupation or strong letting demand from local businesses.
First and Second Floor Maisonette (24A Frederick Street):
Accessed via a private entrance to the front and rear.
Spacious accommodation featuring two well-proportioned bedrooms to the first floor and two additional rooms in the loft space, a large living room, fitted kitchen, and bathroom/WC.
Tenanted on an Assured Shorthold Tenancy (AST) providing immediate income (details available upon request).
Location
The subject property is well located along Frederick Street, South Shields. The area is provided with a good level of services and amenities. The subject lies approximately 1 mile south east of South Shields city centre.
Accommodation
The property comprises a ground floor commercial unit suitable for a variety of business uses and a large four-bedroom maisonette arranged over the first and second floors, currently tenanted and generating immediate rental income. Flexible internal layout, ideal for a range of retail, office, or service uses (subject to necessary consents).
Good condition with modern shop frontage, open-plan sales area, ancillary rooms, and WC facilities.
Potential for owner occupation or strong letting demand from local businesses.
First and Second Floor Maisonette (24A Frederick Street):
Accessed via a private entrance to the rear.
Spacious accommodation featuring four well-proportioned bedrooms, a large living room, modern fitted kitchen, and bathroom/WC.
Tenure
Freehold. Title number TY260641
Rateable Value
The adopted rateable value is 3,950 as of 1 April 2023. Sourced from voa
EPC
Available upon request ( Rating E )
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.
An excellent opportunity to acquire a substantial mixed-use freehold property situated in a well-established commercial and residential location in the heart of South Shields. Frederick Street is a vibrant mixed retail and residential area, popular with local businesses and conveniently located within easy reach of South Shields town centre, the Metro system, and major road links including the A19 and Tyne Tunnel, providing easy access to Newcastle, Sunderland, and surrounding areas.
The property comprises a ground floor commercial unit suitable for a variety of business uses and a large four-bedroom maisonette arranged over the first and second floors, currently tenanted and generating immediate rental income.
Ground Floor Commercial Unit (24 Frederick Street):
Prime retail/office unit with prominent frontage onto Frederick Street.
Flexible internal layout, ideal for a range of retail, office, or service uses (subject to necessary consents).
Good condition with shop frontage, open-plan sales area, kitchen/ prep rooms, and WC facilities.
Potential for owner occupation or strong letting demand from local businesses.
First and Second Floor Maisonette (24A Frederick Street):
Accessed via a private entrance to the front and rear.
Spacious accommodation featuring two well-proportioned bedrooms to the first floor and two additional rooms in the loft space, a large living room, fitted kitchen, and bathroom/WC.
Tenanted on an Assured Shorthold Tenancy (AST) providing immediate income (details available upon request).
Location
The subject property is well located along Frederick Street, South Shields. The area is provided with a good level of services and amenities. The subject lies approximately 1 mile south east of South Shields city centre.
Accommodation
The property comprises a ground floor commercial unit suitable for a variety of business uses and a large four-bedroom maisonette arranged over the first and second floors, currently tenanted and generating immediate rental income. Flexible internal layout, ideal for a range of retail, office, or service uses (subject to necessary consents).
Good condition with modern shop frontage, open-plan sales area, ancillary rooms, and WC facilities.
Potential for owner occupation or strong letting demand from local businesses.
First and Second Floor Maisonette (24A Frederick Street):
Accessed via a private entrance to the rear.
Spacious accommodation featuring four well-proportioned bedrooms, a large living room, modern fitted kitchen, and bathroom/WC.
Tenure
Freehold. Title number TY260641
Rateable Value
The adopted rateable value is 3,950 as of 1 April 2023. Sourced from voa
EPC
Available upon request ( Rating E )
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.
Floor plans and tours
Floor plans (1)
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Listed by
Pattinson - Commercial
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