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Sunderland, 100-102 Broadsheath Terrace

Rent: £9,750 - £9,750

Region: Tyne and Wear

Town/City: Southwick, Sunderland


SITUATION
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.

 

ACCOMMODATION
Arranged over ground floor with customer WC facilities and staff kitchen/WC facilities on the first floor.

Internal Width (max) 8.20m 26’11“
Shop Depth 7.40m 24’3”
Ground Floor Sales 53m² 574ft²
First Floor 37m² 400ft²

LEASE TERMS
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.

 

EPC
An Energy Performance Assessment has been arranged and a full copy will be available soon upon request.

 

BUSINESS RATES

Rateable Value £3,750
2020/2021 UBR £0.499
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.

 

COSTS
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.

 

VIEWING
For enquiries, viewing, and general information, please contact:
Jonathan Chapman
E: jonathan@atretail.co.uk
M: 07949 938210

Property type: Retail

Rateable value: £3750

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