Retail premises to let in Frederick Street, Sunderland SR1

Location
The property is situated in the heart of the Sunniside Area which is predominantly occupied by solicitors, surveyors, accountants, and estate agents and close to local transport and shopping amenities. The premises sit immediately beneath Martin & Co Estate Agents.

Description
The Grade II listed building was extensively and sympathetically refurbished in 2015 as part of a larger development which included a residential apartment scheme to the rear. The premises are gas centrally heated

Unfortunately, our clients will not consider food related uses and therefore perspective tenants will be required to supply information on their proposed use prior to viewing.

Accommodation
The property briefly comprises as follows:-

ft2 m2
Ground Floor
Totalling 431 40.04

Externally
Access to rear for refuse and means of escape only.

Tenure
A new Lease is available at a commencing annual rental of £6,000 plus VAT for a term of years to be agreed (minimum 3 years) on an effective tenant internal repairing and insuring basis plus service charge to cover the cost of utilities.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Mario Jaconelli or Alexa Reavley

•
•
• VAT
We are advised that the property is VAT elected and therefore the rent is subject to VAT.

Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £3,250. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p (rv under £51,000). 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
C4196

EPC

Energy Rating 63/C