Bedford Street, North Shields
Auction Guide Price £260,000

*** AUCTION PROPERTY - THREE STOREY MID TERRACED BRICK BUILDING - NORTH SHIELDS TOWN CENTRE - PRIME LOCATION - INVESTMENT/COMMERCIAL FOR SALE - AUCTION GUIDE PRICE £260,000+ ***

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 29th May 2025 OPTION 1.

Mike Rogerson is pleased to welcome to the sales market this rare opportunity to acquire this commercial building in the sought after Bedford Street, in the Town Centre in the heart of North Shields. Located within close proximity of the North Shields metro and bus routes to North and South of the Region.

The property is achieving the current passing rents

Ground Floor - £26,000 - per annum

First Floor - £6,000 - per annum

The ground floor unit is currently trading as a Greek restaurant with a current lease in place until 2035. The restaurant/bar area is approx 29'6" x 18'8" and the kitchen area is approx 14'1" x 13'4". There are two store cupboards along with two customer toilets and a staff toilet. There is also a back yard area. 

EPC Rating:
58 Bedford Street - B
58a Bedford Street - E

Viewing is highly recommended. To arrange a viewing please contact the Wallsend office.

Disclaimer 1
None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be
guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property. For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.