Office to let in Frederick Street, Sunderland SR1

Location
The property is situated within a Conservation Area known as Sunniside and is in the northern section of Frederick Street adjacent to Andrew Craig and a number of established estate agencies.

Description
The property is mid terraced and comprises 3 storey retail/office building with attractive display window of brick and slate construction with a pitched slated roof having a modern two-storey extension to the rear. The building benefits from gas central heating and 2 car parking spaces and would suit retail/showroom and office uses.

Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor
Offices/Retail 706 65.59

First Floor
Offices 717 66.61

Second Floor
Office 271 25.18

total 1694 157.37

Externally
2 parking spaces to rear

Tenure
A new lease is available on terms to be agreed at a commencing annual rental of £15,600 for a term of years to be agreed (minimum 3 years). The lease will exclude the provisions of the Landlord and Tenant Act 1954.

VAT

The rent is not subject to VAT.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction. The landlord has a short form lease which is available allowing early access.

Viewing
Contact – Mario Jaconelli or Alexa Reavley
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• Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £8,500. The Uniform Business Rate for the Rates Year 2024/2025 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 C4194 EPC Energy Rating 119/E