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Industrial warehouse with double garage and yard

South Shields, NE33 - Get Access

Description

An excellent opportunity to acquire a versatile commercial property positioned to the rear of Fowler Street, within an established and accessible location in South Shields. The property currently comprises a large two-storey warehouse offering substantial internal space, benefitting from new uPVC windows throughout and dedicated office accommodation, making it suitable for a variety of business uses subject to any necessary consents. In addition, there is a separate double garage, ideal for use as a workshop, storage facility, or ancillary space to the main building. Externally, the property further benefits from a rear garden and yard area, providing additional outdoor space which could suit storage, staff use, or operational requirements depending on use. The unit is offered with vacant possession, allowing an incoming purchaser immediate occupation or the opportunity to reposition or adapt the property to suit their needs.
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Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 2,766 sq ft (Floor plan)

Valuing a mixed-use commercial warehouse property like this requires looking at the overall floor space of 2,766 sq ft and local industrial and commercial values in South Shields. The property features generous workshop areas, offices, a double garage, and a yard, but currently requires a comprehensive schedule of modernisation and repairs throughout. We established a baseline value per square foot based on commercial property norms in the area and deducted an allowance for the necessary refurbishment works.

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