Office for sale in Vine Place, Sunderland SR1

Offers in region of £425,000 (£76.03/sq. ft)
Office for sale 5,590 sq. ft*
Interested in this property? Call +44 191 723 0021 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Due to relocation
  • 2 Adjoining City Centre Buildings
  • Arranged over 4 floors
  • Totalling 5590 ft2 (519.31 m2)
  • Close to main leisure and retail core
  • Suitable for Retail/Office and Leisure stp

Property description

Location
Vine Place is a secondary shopping street located within Sunderland City connecting Crowtree Road with Stockton Road and opposite tk Maxx on the immediate fringe of The Bridges Shopping Centre. The property is located on the South side of Vine Place where there is a mix of retail and leisure operators including Aphrodite Clothing, Ttonic Bar and Hays Travel (opposite). Sunderland College’s new £30m City Campus Building is also within close proximity. The property is shown for identification purposes on the attached Goad plan.

Description
The property comprises a pair of adjacent 3 storey plus basement terraced buildings of brick/stone construction with pitched slated roof sections with part being flat and mineral felted. The main buildings were originally constructed around 1817 having been extended and refurbished within the last 15 years. The premises comprise sales accommodation with shop frontages on the Ground Floor which have been utilised as office accommodation together with the two floors above occupied by Hays Travel for office/administration purposes and benefiting from Air Conditioning.

The property is offered for sale as our clients are relocating to a new headquarters building nearby.

Accommodation
The property briefly comprises as follows:-

ft2 m2
Ground Floor
Net Internal Area 1621 150.59

First Floor
Net Internal Area 1651 153.38

Second Floor
Net Internal Area 1367 126.99

Basement
Net Internal Area 951 88.35

total 5590 519.31

Tenure
We are advised by the Vendor the tenure of the property is Freehold.

Asking Price
Offers invited in the region of £425,000 (Four hundred and twenty five thousand pounds.)

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Mario Jaconelli or Alexa Reavley



• VAT
Figures quoted exclude VAT where chargeable.

Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £37,500. The Uniform Business Rate for the Rates Year 2021/2022 is 49.9p (rv under £51,000). If necessary, a written request should be made to the Local Authority for confirmation.

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref
C3656


EPC


Energy Rating E

Agents Note
The property is currently interconnected with number 11 Vine Place which will be separated prior to completion.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Lofthouse and Partners Ltd, SR1 on +44 191 723 0021 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Lofthouse and Partners Ltd, and do not constitute property particulars. Please contact Lofthouse and Partners Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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