Retail premises to let in 9 Maritime Terrace, Sunderland SR1
£15,000 pa (£12.42/sq. ft. pa)
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Call +44 191 723 0021 *
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- Prominent City Centre Retail Premises
- Busy pedestrianised location
- Close to Debenhams, tk Maxx & Greggs
- Ground Floor Sales 939 ft2 (87 m2)
Maritime Terrace is a busy pedestrianised city centre retail location linking Blandford Street and Crowtree Road close to the entrance to The Bridges Shopping Centre and Debenhams Department Store. A number of National Traders are represented nearby including Debenhams, tk Maxx, Greggs and Peacocks. The property is shown on the attached Goad Plan.
The property comprises ground floor sales shop together with ancillary to the first floor.
A new Lease is available at a commencing annual rental of £15,000 for a term of years to be agreed (minimum 3 years) on an effective Fri basis subject to 3 yearly Rent Reviews.
Each party will be responsible for their own Legal Fees incurred in the transaction.
Contact – Marc Weaver or Alexa Reavley
Figures quoted exclude VAT where chargeable.
Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £19,000. The Uniform Business Rate for the Rates Year 2020/2021 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.
Due to Covid-19, businesses in the retail, hospitality and leisure sectors in England are exempt from business rates for the 2020 to 2021 tax year. Eligible properties include shops, restaurants, cafés, bars or pubs, cinema or live music venues, assembly or leisure properties - e.g. Sports clubs, gyms and spa’s, hospitality properties e.g., hotels, guest houses or self-catering accommodation.
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.
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.
Energy Rating E
* Sizes listed are approximate. Please contact the agent to confirm actual size.
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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