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1-5 Queen St 4,646 SF 100% Leased Retail Building South Shields NE33 1HL $140,200 ($30.18/SF)



Investment Highlights
- Close to local amenties
- Viewing Recommended
- Great location
Executive Summary
An excellent opportunity to acquire a substantial freehold commercial property in a prominent position within South Shields, Tyne and Wear.
The property is arranged over ground, first and second floors and was most recently used as a gym / fitness studio. The building offers well-proportioned and versatile internal accommodation, making it suitable for a wide variety of alternative uses, subject to obtaining the necessary planning consents.
The premises will be sold with vacant possession, allowing an incoming purchaser to occupy, re-let or redevelop to suit their requirements.
Accommodation
- Ground Floor
- Private ground floor entrance from Queen Street
- Staircase access leading to the upper floors
First Floor
- Reception / welcome area
- Large open studio / training space
- Separate private room (suitable for office, treatment room or consultation space)
- Kitchen / lounge staff area
- WC facilities
- Shower facilities
Second Floor
- Full floor open studio space providing a large, flexible area suitable for fitness, studio, office or alternative commercial uses.
- Development / Alternative Use Potential
- The layout and size of the building make it suitable for a range of commercial or redevelopment opportunities, subject to any required permissions, including:
- Fitness / gym facility
- Dance or yoga studio
- Office or creative workspace
- Training / education centre
- Health and wellbeing facility
- Conversion to residential apartments (subject to planning)
- The property offers strong potential for repositioning or refurbishment to maximise its value.
Location
The property occupies a central position on Queen Street within South Shields, close to the town centre and within easy reach of local amenities, retail units and transport links.
The area benefits from strong connectivity to surrounding towns including *Newcastle upon Tyne and Sunderland, making it an attractive location for business and commercial activity.
The property is arranged over ground, first and second floors and was most recently used as a gym / fitness studio. The building offers well-proportioned and versatile internal accommodation, making it suitable for a wide variety of alternative uses, subject to obtaining the necessary planning consents.
The premises will be sold with vacant possession, allowing an incoming purchaser to occupy, re-let or redevelop to suit their requirements.
Accommodation
- Ground Floor
- Private ground floor entrance from Queen Street
- Staircase access leading to the upper floors
First Floor
- Reception / welcome area
- Large open studio / training space
- Separate private room (suitable for office, treatment room or consultation space)
- Kitchen / lounge staff area
- WC facilities
- Shower facilities
Second Floor
- Full floor open studio space providing a large, flexible area suitable for fitness, studio, office or alternative commercial uses.
- Development / Alternative Use Potential
- The layout and size of the building make it suitable for a range of commercial or redevelopment opportunities, subject to any required permissions, including:
- Fitness / gym facility
- Dance or yoga studio
- Office or creative workspace
- Training / education centre
- Health and wellbeing facility
- Conversion to residential apartments (subject to planning)
- The property offers strong potential for repositioning or refurbishment to maximise its value.
Location
The property occupies a central position on Queen Street within South Shields, close to the town centre and within easy reach of local amenities, retail units and transport links.
The area benefits from strong connectivity to surrounding towns including *Newcastle upon Tyne and Sunderland, making it an attractive location for business and commercial activity.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront
Building Size
4,646 SF
Building Class
B
Year Built
1979
Price
$140,200
Price Per SF
$30.18
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.67
Lot Size
0.16 AC
Frontage
74’ on Queen St
Amenities
- Security System
- Energy Performance Rating - C
- Automatic Blinds
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Cafe Ross
- -
- 500 SF
- -
- -
- Clothes & Alterations
- -
- -
- -
- -
- Devilish Shoes
- -
- 79 SF
- -
- -
- G L's Hair Design
- -
- 79 SF
- -
- -
-
- -
- 324 SF
- -
- Feb 2020
- Market Health Spa
- -
- -
- -
- -
- Needles and Flowers
- -
- 79 SF
- -
- -
- Reet Petite
- -
- 79 SF
- -
- -
- The Fitness Shop Ltd
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Cafe Ross | - | 500 SF | - | - | ||
| Clothes & Alterations | - | - | - | - | ||
| Devilish Shoes | - | 79 SF | - | - | ||
| G L's Hair Design | - | 79 SF | - | - | ||
|
- | 324 SF | - | Feb 2020 | ||
| Market Health Spa | - | - | - | - | ||
| Needles and Flowers | - | 79 SF | - | - | ||
| Reet Petite | - | 79 SF | - | - | ||
| The Fitness Shop Ltd | - | - | - | - |
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Nearby Major Retailers
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1-5 Queen St
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