Retail premises to let in Maritime Terrace, Sunderland SR1

Location
Maritime Terrace is a busy pedestrianised city centre retail location linking Blandford Street with Crowtree Road close to the entrance to The Bridges Shopping Centre. The property is shown on the attached Goad Plan for identification purposes.

Description
The property forms part of a larger block of properties and comprises ground floor sales shop together with first floor ancillary accommodation.

Accommodation
The property briefly comprises as follows:-

ft2 m2
Ground Floor ft m
Sales Area Internal Width 16’0” 4.09
Sales Depth 36’3” 11.06
Sales Area 552 51.28

First Floor
Stores/Staff 545 50.63

Tenure
A new Lease is available at a commencing annual rental of £12,000 for a term of years to be agreed (minimum 5 years) on an effective Fri basis 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

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• VAT
Figures quoted exclude VAT where chargeable.

Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £13,500. The Uniform Business Rate for the Rates Year 2023/2024 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
C4139

EPC

Energy Rating 85/D