The Fad | 25 Gainsborough Ave
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The Fad 25 Gainsborough Ave
4,382 SF 100% Leased Retail Building South Shields NE34 8JN £195,000 (£45/SF)
Investment Highlights
- Detached Community Pub
- Prominent Corner Position
- £20,000 Rental Income
Executive Summary
There are two entrances to the pub one taking you into the main bar area, with the other being a dedicated entrance to the lounge/function room.
The private accommodation is located on the first floor and briefly consists of three good sized bedrooms, a bathroom suite, along with
a spacious kitchen and small office space.
The property is held on a 99 year lease from the council from 19/02/1964 with a peppercorn rent.
The private accommodation is located on the first floor and briefly consists of three good sized bedrooms, a bathroom suite, along with
a spacious kitchen and small office space.
The property is held on a 99 year lease from the council from 19/02/1964 with a peppercorn rent.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Building Size
4,382 SF
Building Class
B
Year Built
1940
Price
£195,000
Price Per SF
£45
Percent Leased
100%
Number of Floors
1
Building FAR
0.32
Lot Size
0.31 AC
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Nearby Major Retailers
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The Fad | 25 Gainsborough Ave
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