Retail premises to let in Maritime Terrace, Sunderland SR1

Location
Maritime Terrace is a continuation of Blandford Street which is a busy pedestrianised shopping street within Sunderland city centre linking Waterloo Place with Crowtree Road close to The Bridges Shopping centre. The location is shown on the attached Goad plan.
Description
The premises comprise compact ground floor retail premises with modern display and electrically operated roller shutter.

Planning Use
Planning consent for hot food takeaway was granted on 2nd August 1996 under application reference 96/00999/10. The premises were extensively fitted by a former tenant including new shop front with electrically operated security shutters, fully tiled floors and walls together with extraction system and commercial electricity supply.

Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor ft m
Sales Area Internal Width 15’2” 4.62
Sales Depth 13’0 3.96
Sales Area 390 36.23

Rear Store (overall) 109 10.13

Kitchen 36 3.34

Leasehold
A new lease is available at a commencing annual rental of £10,000 for a term of years to be agreed (minimum 3 years) subject to 3 yearly Rent Reviews. A rental deposit may be required subject to status.

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
The rent is not subject to VAT.

Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £10,750. 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. Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification

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 C4147

EPC Energy Rating 91/D