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214 South Frederick St 684 SF Vacant Retail Building South Shields NE33 5HL $341,224 CAD ($498.87 CAD/SF) 2.46% Cap Rate

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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.

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