Search Results for 

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

Welcome to SHOWCASE.CO.UK, the Web's most comprehensive source of commercial property data, where you can search from over 100,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land or other commercial property types, just click the button to the right.
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:
Seeking offers in excess of £1,600,000 which reflects a net initial yield of 8.74%

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.

Simon Harland

James Metcalf

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="" target="_blank">1 - 6 Sea Winnings Way - Westoe Crown Village, South Shields - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2020 CoStar Realty Information, Inc. All rights reserved. | About SHOWCASE | Advertise | Site Map