Retail premises to let in Unit 1 Salterfen Park, Salterfen Road, Sunderland SR2

£20,000 pa (£20.00/sq. ft. pa)
Retail premises to let 1,000 sq. ft*
Interested in this property? Call +44 191 723 0021 * or Request Details

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

Property features

  • New Roadside retail unit c.1000 tt2 (92.90 m2)
  • Busy main road location
  • Immediately adjacent to proposed Greggs
  • Occupiers include kfc, Burger King and Starbucks
  • On site Jan 2021 - Completion Quarter 4 2021
  • A1 and A3 planning consent

Property description

Location
Approximately 190,000 people live within a 15 minute drive time of the site which is prominently located at the intersections of the Southern Radial Route (A1018), Salterfen Road and Ryhope Road being 2.4 miles south of Sunderland city centre and 4 miles north of Seaham town centre. The site therefore offers excellent visibility and accessibility.

Description
Salterfen Park is a high-quality roadside retail development adding to an already established retail offering nearby including Lidl, B&M (opposite), Frank’s Flooring and Harvester.

The scheme has been highly successful and is now 90% pre-let. An opportunity has arisen for the last remaining unit which is single storey totalling circa 1000 ft2 (92.90 m2) immediately adjacent to Greggs. Occupiers committed to the scheme include the kfc, Burger King, Starbucks and Greggs.

Ft2 m2

Unit 1 now available 1000 92.90

Unit 2 Let to greggs 1400 130.06

Unit 3 Let to starbucks 1800 167.22

Unit 4 Let to kfc 2002 185.99

Unit 5 Let to burger king 3600 334.44

Timescale
The developer is now on site January 2021 with completion of the scheme anticipated quarter 4 2021.

Planning
Unit 1 has the benefit of A1 and A3 planning consents.

Tenure
A new Lease is available at a commencing annual rental of £20,000 plus VAT for a term of years to be agreed on an Fri basis with service charge provisions subject to 5 yearly Rent Reviews.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Mario Jaconelli or Alexa Reavley



• VAT
Rents etc are subject to VAT.

Rateable Value (rv)
To be assessed upon completion of the development.

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.

Ref C3872 EPC To be assessed post.

Landlord Requirements
Although all applicants will be considered on their individual merits, the developer’s preference is for an occupier of national or strong regional covenant strength.

Property info

  • Document
  • Available immediately
  • Unfurnished

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

Arrange Viewing

For more information about this property, please contact
Lofthouse and Partners Ltd, SR1 on +44 191 723 0021 * (local rate)

Contact Lofthouse and Partners Ltd about this property

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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 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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