Lot
069
Auction Ends: 22/03/2023 14:58 - Bidding opens Tuesday 21st March 10:00 AM

54-56 King Street, South Shields, Tyne And Wear, NE33 1HZ

Property Details
Location
Auction Details
Description
A town-centre residential redevelopment opportunity in a pedestrianised high street location. The property comprises a vacant retail unit arranged over 4 floors and sold with the benefit of prior approval for Class MA change of use to apartments (C3) for the upper floors. The ground floor unit remains for retail use and requires refurbishment. The building extends to approximately 227 sq m (2,422 sq ft).
Location
The property is located in South Shields town centre and occupies a prominent position on the prime high street pitch of King Street. Other occupiers in the immediate vicinity include Vodaphone, JD Sports, and Boots. South Shields lies on the east coast approximately 12 miles east of Newcastle Upon Tyne. Transport links are provided by the nearby A194 and B1344 which lead towards the A19 and A1(M).
Accommodation
The approximate floor areas below are taken from the VOA website and rounded; buyers must satisfy themselves as to the accommodation. 

StoreyDescriptionFloor Area
Ground FloorRetail area, Toilets78 sq m (840 sq ft)
First FloorStorage, Toilets68 sq m (732sq ft)
Second FloorStaff room50 sq m (535 sq ft)
Third FloorStorage31 sq m (334 sq ft) 
Total 
227 sq m (2,442 sq ft)
Planning
The property has prior approval given for the former, vacant office space on the first, second and third floors to form 3 no. (C3 Use) residential apartment units. The relevant documents can be found within the legal pack.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 21ST MARCH AND CLOSES ON WEDNESDAY 22ND MARCH.

3. Energy Performance Certificate = E

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