Rent: £9,750 - £9,750
Region: Tyne and Wear
Town/City: Southwick, Sunderland
The property sits prominently on North Hylton Road within a well-established suburban location. The property benefits from having off street parking to the side, external security roller shutter to the front and the first floor space is currently used for storage.
Arranged over ground floor with customer WC facilities and staff kitchen/WC facilities on the first floor.
|Internal Width (max)||8.20m||26’11“|
|Ground Floor Sales||53m²||574ft²|
The premises are occupied by way of an existing effective FRI lease expiring 15th April 2027 at a passing rental of £9,750 per annum exclusive. Next rent review is 15th April 2022 and a break option is available.
Sub Leases and Short-Term Deals will be considered subject to negotiation.
An Energy Performance Assessment has been arranged and a full copy will be available soon upon request.
|Estimated Rates Payable||£1,875|
Given the Rateable Value is below £12,000, the current rates relief for the property equates to 100% discount for most occupiers. Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.
For enquiries, viewing, and general information, please contact:
M: 07949 938210
Property type: Retail
Rateable value: £3750
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