Retail premises to let in St Thomas Street, Sunderland SR1

£12,000 pa (£22.99/sq. ft. pa)
Retail premises to let 522 sq. ft*
Interested in this property? Call +44 191 686 9796 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Location


The subject property is located on the corner of St Thomas’ Street and St John’s Street in Sunderland city centre. The property is in a mixed use area with business, retail and residential occupiers including Finlays News Agents, Fatsos, Lovelei Bridal, Marshalls Jewellers and Jobling House Student Accommodation.

The property benefits from being within close proximity to local public transport services with bus stops located on St John’s Street and Sunderland Train and Metro Stations are only 500 ft away.

Sunderland city centre is enjoying some significant investment with a new road bridge and trunk road, the development of vaux site and much more.


Description


The subject property comprises a ground floor unit which provides open plan retail space. The property was most recently occupied as a clothing alteration business but may be suitable for a variety of uses, subject to obtaining necessary planning consent. The property overlooks a new student development scheme (Jobling House) which will bring students back into the city centre.


Accommodation


Ground floor 48.5m² 522ft²


Rating assessment


Description rv Estimated Rates Payable
Shop and £17,250 £8,280
Premises

We are advised that the rateable value of the premises as at 1 April 2017 is £17,250 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48p in the pound. However, interested parties should confirm the current position with the Local Authority.


EPC rating


E119


Terms


The subject property is available to let by way of a new lease with terms to be agreed at £12,000 (Twelve Thousand Pounds) per annum.


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.


EPC rating


1 Thompson Road Awaiting EPC Rating
98 Thompson Road Awaiting EPC Rating
100 Thompson Road Awaiting EPC Rating
106 Thompson Road¬ E53


Terms


To be sold by way of Freehold title and offers are invited in excess of £200,000 (Two Hundred 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.


Viewing


For general enquiries and viewing arrangements please contact Joseph i’Anson or Anthony Barella at Bradley Hall.
Tel: Email:

Property info

  • Unfurnished

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Bradley Hall, NE1 on +44 191 686 9796 * (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 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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