Retail premises to let in Frederick Street, Sunderland SR1

Location

The subject property is located on Frederick Street within Sunderland city centre. Frederick Street is a popular and long established business location, a short distance from the Sunniside Leisure Complex on High Street West. Sunniside is a mixed use Leisure Complex which is considered one of the most popular locations for entertainment and leisure in the city centre.

The property is easily accessible with bus stops 400ft away and Sunderland Train and Metro Station within 0.2 miles. The A1018 is moments distance and provides access to A1231 and in turn the Wessington Way. The A19, is only 0.3 miles away.

Description

The subject property comprises a retail unit as basement level with stair access. The newly furnished property comprises of a main open plan area, separate work area/ office and WC. The accommodation has recently been fully renovated to a high standard offering light and modern retail space throughout.

Accommodation

Basement 44.3sq m 477sq ft

Rating assessment

Description rv Estimated Rates Payable
Workshop and Premises £4,450 £2,944

We are advised that the rateable value of the premises as at 1 October 2019 is £5,900 and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority. Small business rates relief is likely to ap-ply so occupiers may be exempt.

EPC rating

EPC C67

Terms

The property is available by way of new lease terms with the rent to be agreed at a rent of £6,000 (Six 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.