Mixed-use freehold with retail frontage and upper-floor income — auction sale, needs verification.
Prominent ground-floor retail frontage onto Frederick Street
A substantial mixed-use high-street freehold in South Shields, this property combines ground-floor retail potential with upper-floor residential accommodation currently producing rental income. The retail unit benefits from prominent Frederick Street frontage and flexible internal space suitable for a wide range of local businesses. Good transport links (A19, Tyne Tunnel, metro, buses) support footfall and letting demand.
The maisonette above is described as a large multi-storey unit accessed from front and rear and is currently tenanted on an Assured Shorthold Tenancy, offering immediate income at sale. The building’s overall footprint is generous (approximately 1,650 sq ft) and presents clear refurbishment and rental-upside for an investor prepared to trade at auction.
Buyers should note several material considerations: the local area is classified as very deprived with very high crime levels, and the parcel is a small plot in a hard-pressed neighbourhood — factors that affect tenant profiles, yields, and resale. The property’s records show some inconsistent data on bedroom count and tenure; prospective purchasers should verify particulars and tenancy details prior to bidding. Sale will be by auction and tenure is not confirmed.
This is a straightforward value-add opportunity for an investor or owner-occupier willing to manage refurbishment and let the upper floors or occupy the ground floor. Immediate rental income reduces short-term cashflow risk, but the location will suit buyers focused on yield and repositioning rather than premium capital-growth markets.
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