Office to let in Albion Place, Sunderland SR1

Location

The property is situated on Albion Place in Sunderland City Centre. Albion place is prominently located in one of the city’s most popular leisure destinations with nearby occupiers including Marcellos, The Cooper Rose Wetherspoon, Tasty Bite, Life of Riley, Fitzgerald’s and Chilino’s.

The property is in a prominent location in the city centre, just 0.2 miles from The Bridges Shopping Centre and is within close proximity to University of Sunderland’s city campus which is only 0.2 miles away.

The property benefits from being surrounding by both public transport and road links with Park Lane Metro and Bus Station 0.2 miles away, University Metro Station is also 0.2 miles away and the property is situated less than 200ft from the roundabout where A183, A1231 and A690 join.

Description

The subject property comprises a mid-terrace brick built office premises. The property was extensively refurbished in 2017 which included the upgrading of the WC facilities and kitchen as well as fire and security alarm systems being installed.

The ground floor provides a large office area with a kitchen/breakroom and WC facilities.

Externally, there is car parking for one car.

EPC rating

D82

Accommodation

Ground floor 72.3m² (779ft²)

Rating assessment

Description rv Estimated Rates Payable
Restaurant and Premises £16,000 £7,856

We are advised that the rateable value of the premises as at 1 April 2017 is £16,000 and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 49.1p in the pound. However, interested parties should confirm the current position with the Local Authority.

Terms

The property is to be let by way of a new Fri lease with terms to be agreed at a rent of £8,000 (Eight Thousand Five Hundred) 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.