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50-52 King St 4,124 SF Retail Building South Shields NE33 1HZ $222,073 CAD ($53.85 CAD/SF)
Investment Highlights
- Freehold Retail Investment.
- 10 year lease from July 2021, expiring July 2031.
- Rent review in July 2026.
- Reflects a low capital value psf on guide price (£29.10 psf).
- Let to Veterans At Ease.
- Comprises approximately 383.12 sq m (4,124 sq ft).
- Reflects a low rent of £3.64 psf.
- Investment let at £15,000 pa (12.50% GIY on Guide Price).
Executive Summary
Lot 607 is available by way of Savills Online Auction 9th June 2026
The property comprises a substantial four storey building arranged as a ground floor shop together with ancillary accommodation on the first, second and third floors.
The property comprises a substantial four storey building arranged as a ground floor shop together with ancillary accommodation on the first, second and third floors.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
4,124 SF
Building Class
B
Year Built
1965
Price
$222,073 CAD
Price Per SF
$53.85 CAD
Tenancy
Single
Building Height
4 Stories
Slab To Slab
9’
Building FAR
1.89
Lot Size
0.05 AC
Frontage
28’ on King St
Amenities
- 24 Hour Access
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Nearby Major Retailers
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50-52 King St
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