Retail premises to let in Holmeside, Sunderland SR1

Location
Holmeside is a secondary/tertiary shopping street within Sunderland City Centre close to Park Lane and the Transport Interchange, the Bridges Shopping centre and Vine Place.

Description
The premises are arranged on lower ground floor but have a prominent and secure retail access frontage to Holmeside having formerly been occupied as a tattoo studio and being well presented and fitted throughout having been renovated extensively in recent years.

Accommodation
The property briefly comprises as follows:-

ft2 m2
Lower Ground Floor
Sales/Studio 359 33.35

WC

Tenure
A new Lease is available on terms to be agreed at a rental of £500 per month (£6,000 per annum) on a tenant Fully Repairing and Insuring basis basis. The lease will be for a 12 month period outside the Landlord and Tenant Act 1954. A longer term may be available if required. Further details on request.

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

Viewing
Contact – Mario Jaconelli or Alexa Reavley

•
•
• VAT
The property is not subject to VAT.

Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £1,725. 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 C4218 EPC Energy Rating 67/C