Summary - 106 106 106 188 Ocean Road, South Shields, South Tyneside, NE33 NE33 2JQ
1 bed 1 bath Restaurant
Ready-equipped takeaway on Ocean Road, strong visibility but lease length and area challenges require investor caution.
Serving area, kitchen, washroom and WC included
Property NIA 46m² (495 ft²) — compact commercial unit
Fixtures & fittings included; ready to recommence trading
Lease assignment with 17 years remaining — lender risk
Passing rent £6,300 pa; rateable value £4,950 (rates est. £2,425)
Very high local crime; area classed as very deprived
Prominent Ocean Road frontage near transport interchange
EPC awaited; awaiting confirmation of tenure and legal costs
This mid-terrace hot food takeaway on Ocean Road offers an investor-ready commercial unit with fixtures and fittings included. At 46m² (495 ft²) the space comprises a serving area, kitchen, washroom and WC and is presented ready to re-open, making it suitable for a hands-on buyer or operator wishing to restart trading quickly.
Important financial and location factors are clear: the lease has 17 years remaining and the passing rent is £6,300 per annum. Mortgage lenders may refuse lending because of the relatively short lease term. The property’s rateable value is £4,950 (estimated rates payable c. £2,425) and an EPC is currently awaited.
The unit benefits from excellent mobile signal, fast broadband and high visibility on Ocean Road close to the South Shields transport interchange. However, the area scores as very deprived with very high recorded crime levels — factors that will influence both trading performance and operator risk. The business is currently not trading due to owners’ circumstances, presenting an opportunity for a buyer to relaunch.
This is a clear opportunity for a cash buyer or experienced investor prepared to accept location-related trading challenges and lease-length lending constraints. Fixtures are included, reducing upfront fit-out cost, but buyers should budget for marketing, potential refurbishment and to confirm planning uses and statutory obligations prior to purchase.
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