Office to let in Lynas House, Frederick Street, Sunderland SR1

Location
Lynas House is a modern 3 storey office building located at the junction of Frederick Street and Athenaeum Street within the main professional area. Nearby occupiers include firms of solicitors and estate agents including Richard Reeds, Cook Law, Martin & Co, Dowens, Hackett Property, Andrew Craig and Your Move. Other occupiers within close proximity include TSB Bank and Grand Central and the property is within very close proximity of Sunderland Station which has recently been the subject of a multimillion-pound re-development programme.

Description
The accommodation is arranged over ground floor only with self-contained access comprising a range of offices. The building was externally refurbished approximately 10 years ago including replacement of all external windows and the suite benefits from 2 car parking spaces to the rear.

Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor

Office 2464 228.91

Externally
2 allocated car parking spaces

Tenure
Following refurbishment, a new Lease is available at a commencing annual rental of £20,000 plus VAT for a term of years to be agreed (minimum 5 years) on an effective Fri basis with service charge provisions 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
The rent is subject to VAT.

Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £19,250. 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.

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
C4203

EPC

Energy Rating 101/E