Development Opportunity at 40 Bell Street

LOCATION
The subject site is located on Bell Street in North Shields overlooking the River Tyne and positioned to the west of North Shields Fish Quay offering panoramic views from the mouth of the River Tyne.

The site is well located for public transport links with North Shields Metro Station 0.6 miles away. There are also local bus routes within 160 yards of the site. The site is situated within 0.1 mile of the A193 which is a main road between Newcastle upon Tyne city centre to the west and Tynemouth and the coast to the east.

North Shield’s Fish Quay is known for its wealth of history within the fishing trade, fish-related food outlets, restaurants and markets acting as a key element of the area’s appeal and encouraging local tourism. Neighbouring developments also include residential development of waterfront apartments, office premises, stores and studios. Retailers on the quay include Dodgin’s Yard, Allard’s Lounge, The Salty Sea Dog, Sambucas and Seaview Fisheries.

DESCRIPTION
The total site area is approximately 257.76 sq. m. (0.06 acres). The last known use of the site was as a retail showroom and office space which ceased around the year 2000.

The site has been mainly cleared with one small remaining derelict building. We understand there is a retaining wall to the rear beyond which is amenity woodland.

The adjoining sites have been developed to provide three-storey residential developments.

The site falls within the ‘Fish Quay Conservation Area’.

ACCOMMODATION
POTENTIAL USES

There was historic planning approval for a new mixed use development comprising Restaurant, Coffee Shop, Hot Food Takeaway and Studio Offices which expired April 2013.

Copies of the previous planning consent and approved plans are available on request.

We consider the site suitable for development to provide apartments, offices, restaurant and/or retail uses, subject to all necessary consents including planning consent, being obtained.

TERMS
Offers over £395,000 plus VAT are invited for our client’s freehold interest in the site.

VAT
The property is registered for VAT and therefore VAT will be payable on the sale price.

LEGAL COSTS
Each party to bear their own legal costs.

VIEWING
Strictly by appointment with sole agents, YoungsRPS.