Retail premises to let in 241 High Street West, Sunderland SR1

Location
High Street West is a pedestrianised secondary retail pitch within the city centre. The property is prominently located at the junction of Union Street adjacent to the new gdk store and opposite Poundland, Sports Direct and M&S. Other occupiers of note include Marks & Spencer, Sports Direct, Trespass, Dominos and McDonalds.

Description
The premises are arranged over ground floor and have been occupied as a café for several years benefiting from extensive return frontage to Union Street. Additional upper floor storage is available if required.

Accommodation
The property briefly comprises as follows:-

ft2 m2
Ground Floor ft m
Sales Area Internal Width 21’6” 6.58
Sales Area 1622 150.68

Stores 89 8.27

WC 54 5.02

Tenure
A new Lease is available at a commencing annual rental of £15,000 for a term of years to be agreed Fri basis subject to 5 yearly Rent Reviews. The lease will exclude the provisions of the landlord and tenant act 1954.

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

Viewing
Contact – Mario Jaconelli or Alexa Reavley

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• VAT
Figures quoted exclude VAT where chargeable.

Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £24,500. The Uniform Business Rate for the Rates Year 2021/2022 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.

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.

Disclaimer
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.

Ref
C4002

EPC

Energy Rating D

Fixtures and Fittings
A new lease is offered by the landlord however the outgoing tenant has indicated that he may be willing to consider a sale of the furnishings, fixtures and fittings by separate negotiation if required.

Joint Agent
rk Real Estate
Ryan Kennedy: