Mixed Use

396 - 400 Stanhope Road, South Shields , NE33 4RB

£180,000+

Call Us: 01661 831 360

We are delighted to offer to the market this substantial mixed use parade consisting 3 ground floor retail units, 1 takeaway, 1 bedroom flat and a 4/5 bedroom house. Three of the retail units are let on flexible rolling leases with the remaining Takeaway unit, flat and house being sold vacant. The retail space could easily be reconfigured to
created 6 self contained units.

The property is located on the corner of Boldon Lane (B1302) and Stanhope Road (B1298) a busy main route, the area consists a mix of residential / retail properties with excellent transport links. South Shields Town Centre is circa 2 miles North.

Property details provided by Rook Matthews Sayer
EPC rating: C, E, D, D, E, C

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 9 December 2021 OPTION 1

1A Belle Vue – Ground Floor
The Furniture Den – the rental income is £2,860 per annum.

400 Stanhope Road – Ground Floor
The Furniture Den – the rental income is £3,500 per annum.

398 Stanhope Road – Ground Floor
Barber Shop – the rental income is £4,100 per annum.

396 Stanhope Road – Ground Floor
Vacant takeaway.

398a Stanhope Road – First Floor
Vacant 1 Bed Flat.

1 Belle Vue – Ground/First and Second Floor
Vacant 4/5 Bed House.

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by RMS. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £1000+vat (total £1200) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.
Detail awaiting vendors approval.

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