Retail premises to let in Portsmouth Road, Sunderland SR4

Location

Pennywell Shopping Centre is located within Pennywell in Sunderland. A community focal point, the centre receives busy trade daily. Pennywell is located 2 miles from Sunderland City Centre and 9 miles from Newcastle upon Tyne.

The premises enjoy excellent transport links, situated 1 mile from the A19. Surrounding occupiers within the centre include strong covenants such as Iceland, Asda, Greggs, The Post Office and Coral bookmakers. Local covenants include a beauty clinic, optometrist and a fruit and vegetable shop.

Description

The property comprises a ground floor retail unit which benefits from onsite parking directly opposite, laminate floor, partitioned office/storeroom, and glazed frontage with secure roller shutter.

Accommodation

Ground floor 50.00 m² 538 ft²

Rating assessment

Description rv Estimated Rates Payable
Shop and Premises £10,250 £5,114.75

We are advised that the rateable value of the premises as at 1 April 2023 is £10,250 and we have estimated the accrual 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.

EPC rating

To be assessed.

Terms

The subject property is available by way of a new lease with terms to be agreed from £10,000 (Ten Thousand Pounds) per annum. Rent is exclusive of service charge, insurance and VAT.

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.