Units 4b - 9 Denmark Centre, Fowler Street, South Shields, Tyne And Wear, NE33 2LR
The Denmark Centre is located in South Shields approximately 8 miles to the north of Sunderland 10.5 miles to the north east of Newcastle Upon Tyne. The Tyne Tunnel and A19 are within easy reach. The Denmark Centre is a busy shopping centre located just off King Street and benefits from roof top car parking above the shopping centre. Nearby occupiers include Greggs, McDonalds and HSBC Bank.
Seven retail units forming part of the Denmark shopping centre, four of which are occupied producing a combined income of ú101,300 per annum. One of the units has been sold off as a Long Leasehold.
Leasehold for a term of 125 years from 16th December 2005 at a peppercorn rent.
Unit Tenant Size Lease Rent PA 4b Individual Not known 125 years (less 3 days) from 01.12.2005 Peppercorn 4c N/A 100 sq m (1,076 sq ft) Vacant N/A 5 Individual 169 sq m (1,819 sq ft) 10 years from 16/02/2012 ú23,400 6 Individual 147 sq m (1,582 sq ft) 25 years from 26/03/2009 ú23,400 7 N/A 105 sq m (1,130 sq ft) Vacant N/A 8 Savers Health & Beauty Plc 124 sq m (1,335 sq ft) 5 years from 28/09/2010 (Holding Over) ú37,000 9 The Card Market 131 sq m (1,410 sq ft) 25 years from 29/09/1983 (Holding Over) ú17,500 Unit 4B was SOLD on 18th December 2014 for teh sum of ú220,000. Unit 8 - An application has been made for a new Lease. Units 5 and 6 are subject to 3 yearly Rent Reviews. Unit 6 has a break clause dated 26/03/2019 with a 6 month break option notice period.
1. It is the Vendors opinion that the ERV for Unit 4C is ú34,758 and ú24,430 for Unit 7. *Interested parties should rely on their own enquiries.
Tyne And Wear,
NE33 2LR Open in Google Maps
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