Retail premises to let in First Floor 3 Maritime Terrace, Sunderland SR1
£4,000 pa (£8.95/sq. ft. pa)
- Self contained city centre premises
- Busy pedestrianised retail location
- Debenhams and Bridges Shopping Centre nearby
- Ground floor entrance and wc’s
- First Floor totalling 447 ft2 (41.53 m2)
Maritime Terrace is a continuation of Blandford Street which is a busy pedestrianised shopping street within Sunderland city centre linking Waterloo Place with Crowtree Road. Nearby occupiers include Greggs, Debenhams and Costa Coffee. The location is shown on the attached Goad plan.
The premises are arranged over first floor having a separate entrance from Maritime Terrace and would be suitable for a number of semi retail/office uses.
A new Lease is available at a commencing annual rental of £4,000 for a term of years to be agreed (minimum 3 years) on an effective Fri basis subject to 3 yearly Rent Reviews.
Code of Practice
The Landlord accepts the principles of the Code of Practice for Commercial Leases in England and Wales. Alternative lease terms are available upon request. A copy of the Code can be obtained from the Royal Institution of Chartered Surveyors, 12 Great George Street, Parliament Square. London, SW1P 3AD Tel:, Fax: Or alternatively from the website:
Each party will be responsible for their own Legal Fees incurred in the transaction.
Contact – Mario Jaconelli or Alexa Reavley
Figures quoted exclude VAT where chargeable.
The Valuation Office has confirmed the Rateable Value(s) as follows:
Hairdressing Salon and Premises £4,050
The Uniform Business Rate for the Rates Year 2019/2020 is 49.1p. If necessary a written request should be made to the Local Authority for confirmation. Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification.
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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