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Sunderland, 242 – 243 High Street

Rent: £29,000 - £29,000

Region: Tyne and Wear

Town/City: Sunderland


LOCATION
The premises are situated on pedestrianised High Street West close to the junction with Union Street leading to Market Square and The Bridges Shopping Centre. Nearby retailers include Marks & Spencer, British Home Stores, Poundland, McDonalds and Boots Optician as indicated on the attached Goad Extract. Multi-storey car park facilities on nearby St Mary’s Way contribute to pedestrian flow levels in the vicinity.

An A3 Planning Consent has been secured for the premises meaning they are suitable for Restaurant/Café or Retail uses.

 

ACCOMMODATION
The premises are arranged on ground floor and two upper floors as follows:-

Gross Frontage 31 ft 9.42 m
Internal Width 29 ft 8.8 m
Ground Floor 2,324 sq ft 215.9 sq m
First Floor 2,719sq ft 252.6sq m

LEASE TERMS

The property is offered by way of a new Full Repairing and Insuring Lease for a term to be agreed and subject to five yearly rent reviews at an initial rent of £29,000 per annum exclusive.

 

ENERGY PERFORMANCE CERTIFICATE
An Energy Performance Certificate (EPC) is available upon request from this office.

 

LEGAL COSTS
Each party will bear their respective legal costs incurred in connection with the transaction.

 

RATING ASSESSMENT
According to the Valuation Office Website – https://www.gov.uk/correct-your-business-rates, the 2018 Draft Rating Assessment is as follows:-

Rateable Value £49,500
Rates Payable for year commencing 1 April 2018 £29,623.64

Interested parties should make their own enquiries as subject to individual circumstances the actual amount payable may vary.

 

VAT
All figures quoted in these terms are exclusive of VAT where chargeable

 

VIEWING
By prior appointment through @retail:-
Ian Angus
DD: 0191 2804235
Mob: 07960 466211
Email: iana@atretail.co.uk

Property type: Retail

Rateable value: £49,500

Planning use: A1, A2 & A3

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