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214 South Frederick St 684 sq ft Vacant Retail Property South Shields NE33 5HL £179,950 (£263.08/sq ft) 2.46% Net Initial Yield
Investment Highlights
- Freehold investment opportunity
- Established commercial and residential location
- Potential for rental growth and asset management
- Four ground floor retail units
- Partially income-producing asset
- On-street parking available
Executive Summary
This is a freehold mixed-use investment opportunity located in South Shields, comprising four ground floor retail units and a four-bedroom flat at first floor level. The property is situated in an established location with proximity to the A194 and within one mile of South Tyneside College, making it attractive to both commercial and residential occupiers. Currently, one retail unit is let, providing a modest passing income, while the remaining units offer asset management and rental growth potential. The property is offered at £179,950 (OIRO), presenting an opportunity for investors seeking to enhance income through letting or refurbishment.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
684 sq ft
Costar Property Class
C
Year Built
1900
Price
£179,950
Price per sq ft
£263.08
Yield
2.46%
NOI
£4,420
Occupancy Rate
Vacant
Number of Floors
2
Plot ratio
0.50
Total Plot Size
0.03 ac
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Nearby Major Retailers
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214 South Frederick St
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