Retail premises to let in Stockton Terrace, Sunderland SR2

Location
Stockton Terrace is a busy suburban retail parade forming part of Ryhope Road which is one of the main arterial routes leading into Sunderland city centre from the south serving a densely populated residential area.

Description
The property is single storey and has been occupied as a hair and beauty salon for a number of years having been extensively refurbished with new shop front, electrically operated roller shutters and is available on a fully equipped basis.

The premises are presently configured having a front salon area with 1 hair washing station, 2 hair styling stations, 1 nail station and fitted reception desk. To the rear of the salon is a Yoga/Pilates studio and a private beauty room with kitchen and staffroom to the rear.

Accommodation
The property briefly comprises as follows:-

ft2 m2
Ground Floor ft m
Salon & Premises Internal Width 15’3” 4.66
Max Sales Depth 46’0” 14.02
Sales Area 702 65.22

Externally
Small year to rear

Tenure
A new Lease is available at a commencing annual rental of £800 per month for a term of years to be agreed (minimum 3 years) on a Tenant Internal Repairing basis 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 Alexa Reavley tel. Email

VAT

The rent is not subject to VAT.

Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £5,700. 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 C4217 EPC Energy Rating 121/E

Agents Note
The directors of Lofthouse and Partners declare a financial interest in this property.