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Sunderland, 8 St Lukes Terrace
Sunderland, 8 St Lukes Terrace
Sunderland, 8 St Lukes Terrace
Sunderland, 8 St Lukes Terrace
Sunderland, 8 St Lukes Terrace

Rent: £12,000 - £12,000

Region: Tyne and Wear

Town/City: Sunderland


SITUATION
The property sits prominently on the busy High Street of St Lukes Terrace, Pallion, on the outskirts of Sunderland and 12 Miles South East of Newcastle, & 13 miles from Durham City.  St Lukes Terrace serves as the primary neighbourhood shopping street for a largely residential catchment. The area is serviced by a metro station 500m north, as well as regular bus services.

 

ACCOMMODATION
Arranged over ground floor with a private rear yard/loading, staff kitchenette, & WC, the unit provides the following approximate area:

Ground Floor Sales 59 m2 637 ft2

LEASE TERMS
The premises are available on a new FRI lease on a term to be agreed, at a commencing rent of £12,000 per annum.

 

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.

 

BUSINESS RATES

Rateable Value £8,800
2020/2021 UBR £0.499
Estimated Rates Payable £4,391

Given the Rateable Value is below £12,000, the current rates relief for the property equates to 100% discount for eligible occupiers.  Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

 

EPC
A copy of the EPC is available upon request.

 

DISCLAIMER
Under Section 21 of the Estate Agents Act 1979 we must state that a director of ATF Retail Limited has a legal interest in the premises.

 

VIEWING
For enquiries, viewing, and general information, please contact:
Pete Townsend
E: pete@atretail.co.uk
M: 07713 151 970

Property type: Retail

Rateable value: £8,800

Planning use: E

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