Retail premises for sale in 30 Blandford Street, Sunderland SR1

£165,000 (£154.64/sq. ft)
Retail premises for sale 1,067 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

  • Vacant city centre retail premises
  • First floor let producing £5,000 per annum
  • Pedestrianised location
  • Sales area 1067 ft2 (99.12 m2)
  • Adjacent to Betfred and Yorkshire Bank
  • Opposite Home Bargains

Property description

Location
Blandford Street is a busy pedestrianised City Centre retailing location linking Waterloo Place with Crowtree Road and Park Lane where the entrance to The Bridges Shopping Centre and Debenhams department store is located. A number of national traders are represented nearby including Home Bargains, Heron Foods (opposite) and Betfred (adjacent). The location of the property is shown on the attached Goad Plan.

Description
The premises are arranged over Ground Floor only having been extended to full site depth offering good clear open plan sales space. The sales shop has an electrically operated roller shutter to the font and double loading doors to the rear. The property would suit a variety of retail uses.

Tenure
We are advised the property is Freehold.

Asking Price
Offers in the region of £165,000 (one hundred and sixty-five thousand pounds)

Leasehold
A new Lease of the Ground Floor is available at a commencing annual rental of £12,000 for a term of years to be agreed.

First Floor
The first floor is let to Mr H Collinson T/A Collinson Watch repairs and has been in occupation for approximately 30 years on an internal repairing lease at a rental of £5,000 per annum.

Code of Practice
The Landlord accepts the principles of the Code of Practice for Commercial Leases in England and Wales. Alternative lease terms are available upon request. A copy of the Code can be obtained from the Royal Institution of Chartered Surveyors, 12 Great George Street, Parliament Square. London, SW1P 3AD Tel:, Fax: Or alternatively from the website:

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
The Valuation Office has confirmed the Rateable Value(s) as follows:

Ground Floor
Shop and Premises £22,500

First Floor
Workshop and Premises £3,650

The Uniform Business Rate for the Rates Year 2019/2020 is 49.1p. If necessary a written request should be made to the Local Authority for confirmation.

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
C3534

Amended
June 2019


EPC


Energy Rating G

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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