Summary - 75, KING STREET NE33 1DP
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Vacant upper-floor office space ready for conversion (343 sq.m/3,690 sq.ft).
- Adjacent to a proposed new college, enhancing future foot traffic.
- Current ground floor generates an annual income of £47,000 from three commercial tenants.
- High ceilings and Victorian commercial period features offer charming renovation potential.
**Summary:**
Discover a unique investment opportunity in the heart of South Shields with this expansive upper-floor office space, ripe for conversion. Spanning over 3,690 sq.ft., the attractive Victorian red brick building boasts original period features, including high ceilings and bay windows, exuding character. This prime property is ideally situated close to public transport links and adjacent to a proposed new college, promising an increase in footfall and enhancing its appeal as a rental space or future business venture.
The upper floors have primarily served storage and staff welfare purposes, leaving them primed for customization to your vision. While the area faces challenges, such as high crime rates and slow broadband, the strategic location in a developing neighborhood presents significant renovation potential and equity growth as the surrounding areas improve. With a solid annual income generated by the thriving ground-floor tenants, seize this rare opportunity to invest in a transformative space in a rapidly evolving part of town. Don't miss out on this prospect—future possibilities await!
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