Retail premises to let in Pennywell Shopping Centre, Sunderland SR4
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Pennywell Shopping Centre is located within the neighbourhood of Pennywell in Sunderland. A community focal point, the centre receives a bustling trade daily.
Pennywell is located 2 miles from Sunderland City Centre and 9 miles from Newcastle upon Tyne. The premises enjoy excellent transport links, situated 1 mile from the A19.
Surrounding occupiers within the centre include strong covenants such as Iceland, Asda, Greggs, The Post Office and Coral bookmakers. Local covenants include a beauty clinic, optometrist and a fruit and vegetable shop.
Nearby amenities include a primary school and a medical centre.
The property consists of a ground floor retail unit which is situated directly opposite the onsite car parking.
The property comprises:
Ground Floor 116.60m² (1,255ft²)
Our clients are seeking a rental of £20,000 per annum by way of a new lease on terms to be agreed.
Description rv Estimated Rates Payable
Shop and £15,750 £7,708.07
We are advised that the rateable value of the premises as at 1 April 2017 is £15,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.1p in the pound. However, interested parties should confirm the current position with the Local Authority.
As a new occupier rights of appeal may exist against this assessment.
The subject property has a current EPC Rating of C72.
Each party is to bear their own legal costs involved in the transaction.
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.
For general enquiries and viewing arrangements please contact Joseph IAnson at Bradley Hall.
* 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 Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall 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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