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1 - 6 Sea Winnings Way - Westoe Crown Village, South Shields, TWR

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Westoe Crown Village - 1-6 Sea Winnings Way

South Shields, NE33 3PE


Property type:Office Sub Type:- Status:Existing Year built:2011
Floors:3 Typical floor:4,559 sq ft Building size:16,151 sq ft
For sale price:£1,600,000 Price:£99.07 sq ft
Yield:8.74 %
Amenities:Secure Storage


The property comprises a mixed use building of masonry construction with retail space at ground floor level and office accommodation on the first and second floors.

The property is located within close proximity to South Shields town centre and only a short distance from Bents Park and South Shields Promenade.

Sale Notes:
The rents range from between £11 and £16 per sq ft. There are a number of similar schemes where the rents are £15 and in some cases closer to £20 per sq ft. In our opinion the rents at Westoe Village should be in the region of £15 per sq ft and some of the rents within the scheme are already close to these levels. With the asset management opportunities set out below carried through we would expect £15 to be achievable.

MHPI Ltd
Simon Harland
0191 255 7770

James Metcalf
0191 255 7770




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