Summary - UNIT 2 GUY'S CHINESE TAKEAWAY,196 Green Lane,SOUTH SHIELDS,NE34 0TQ NE34 0TQ
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime high street location in South Shields, one mile from the town center
- Two ground floor retail units currently operating as takeaways
- Existing leases on Units 1 (£8,000, rising to £10,000) and Unit 2 (£12,000) provide immediate rental income
- Upper floor accommodation with potential for residential conversion
- Mains gas central heating, electric roller shutters, and secure off-street parking
**Potential Concerns:**
- Commercial kitchen areas need modernization
- Upper floors currently used for storage, require renovation
Located on Green Lane in the sought-after coastal town of South Shields, this retail property presents an excellent investment opportunity. With two active takeaway businesses and leases already in place, you can start generating income immediately. The upper floor offers flexible space for residential use, making it an ideal option for investors or those looking to develop a mixed-use property.
The property is well-situated within a mixed-use neighborhood, close to major bus routes and just half a mile from Chichester Metro Station, enhancing accessibility for both customers and residents. Local amenities abound, providing all the essentials for everyday living, making this an attractive prospect for families or entrepreneurs seeking a vibrant community.
While some refurbishment is needed—particularly in the kitchens and upper floors—the potential for increasing the property’s value through modernization is ripe for the taking. Don’t miss your chance to own a piece of this dynamic area. Offered freehold at £350,000, this listing won’t last long in the growing market of South Shields.
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