Retail premises for sale in Stockton Road, Sunderland SR1

Location

The property is located on Stockton Road within the city of Sunderland. The property is situated within walking distance of the Bridges indoor shopping mall, Park Lane bus and metro interchange and University of Sunderland city campus.

The property is situated within a predominantly retail location with local and national occupiers including Sorrento, The Cooper Rose Wetherspoon, Age UK and Earthworks.

Description

The subject property comprises a semi detached building which occupies a prominent corner position. The property benefits from a glazed frontage onto Stockton Road and internally provides retail accommodation with storage, WC facilities and offices.

The property was most recently occupied by Bernardo’s but may be suitable for a variety of uses, subject to obtaining change of use or planning permission.

Accommodation

Ground floor 112.9m² 1,215ft²
First floor 108.5m² 1,168ft²
Second floor 114.0m² 1,227ft²
Total 355.4m² 3,610ft²

EPC rating

D90

Rating assessment

Description rv Estimated Rates Payable
Shop and Premises £18,500 £9,231.50

We are advised that the rateable value of the premises as at 1 April 2017 is £18,500 and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.

Terms

The freehold of the property is available and offers are sought in the region of £250,000 (Two Hundred and Fifty Thousand Pounds).

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.