Restaurant/cafe to let in 114 High Street West, Sunderland SR1
£54,000 pa (£5.19/sq. ft. pa)
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- Modern leisure development anchored by 12-screen Empire Cinema, Nando’s, Franki
- Approximately 500,000 cinema admissions per annum
- Former Buffet Restaurant and Bar premises with substantial area at first floor l
- First floor available separately for alternative uses including Health and Fitne
- Sunderland population 275,000 (2011 Census)
The premises are located at the junction of Bedford Street and High Street West. They form part of the Sunniside Leisure Scheme anchored by the 12 screen Empire Multi-Screen Cinema. Other occupiers include Nando’s, Frankie & Benny’s and Grosvenor Casino with a 28 lane bowling alley operated by mfa Bowl. The adjacent Sunniside multi-storey (650 spaces) also offers convenient parking to customers. The University of Sunderland and City of Sunderland College provide a combined student population of circa 21,000, with the borough population of Sunderland being 275,000 (2011 Census).
The property comprises a former buffet restaurant and bar with ancillary facilities located on the ground floor, having extremely prominent corner frontage to High Street West and return frontage to Bedford Street. There is also a first floor area with access from both High Street West and Bedford Street. The first floor could either be included with the ground floor or is available as a separate unit if required. Alternative uses for the first floor may also be given consideration subject to planning. Tenure A new Lease is available for a term of years to be agreed on an effective Fri basis. Rents £70,000 pax Accommodation
A nominal service charge, currently budgeted at approximately £0.50 psf will be levied.
Energy Performance Certificate
The premises have been assessed with an EPC rating of 51 (C).
Costs Each party will be responsible for their own legal fees incurred in the transaction.
Figures quoted exclude VAT where chargeable.
According to the voa website, this unit has a rateable value of £99,500.
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.
* 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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