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Sunderland, 218 – 219 High Street West / 69 John Street

Rent: £20,000 - £20,000

Region: Tyne and Wear

Town/City: Sunderland


SITUATION
The property sits prominently on the corner of High Street West and John Street directly opposite the substantial Sunniside Leisure scheme, where occupiers include Empire Cinema, MFA Bowling, Nando’s and Grosvenor Casino.

 

ACCOMMODATION
Arranged over ground floor and basement with kitchen and customer/staff WC facilities.

Gross Frontage 5.79m 19’0“
Return Frontage 16.87m 55’4”
Internal Width 5.54m 18’2”
Shop Depth 15.47m 50’9”
Ground Floor Sales 83m² 897ft²
Basement Stores 35m2 373ft2

LEASE TERMS
The premises are occupied by way of an existing effective FRI lease expiring 1st August 2027 at a passing rental of £20,000 per annum exclusive. There is a break option on 15th April 2022 subject to giving the landlord a minimum of 6 months’ notice.
Short-Term Deals and a New Lease subject to Surrender will be considered subject to negotiation.

 

EPC
The property has an Energy Performance Certificate of Band D (80). A copy of
the EPC is available upon request.

 

BUSINESS RATES

Rateable Value £10,000
2020/2021 UBR £0.499
Estimated Rates Payable £4990

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.

 

VIEWING
For enquiries, viewing, and general information, please contact:
Jonathan Chapman
E: jonathan@atretail.co.uk
T: 0191 280 4237
M: 07949 938210

Property type: Retail

Rateable value: £10000

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