Retail premises to let in 5B Signal House, Waterloo Place, Sunderland SR1

Location
The property is located within the City Centre forming part of a larger modern block where nearby occupiers include William Hill, Specsavers, Coral and Northumbria Police. The premises are within close proximity of Sunderland Railway Station and The Bridges Shopping Centre.

Description
The premises are very well presented throughout having been previously occupied by Grainger Games comprising ground floor sales shop with storage at first floor level.

Accommodation
The property briefly comprises as follows:-

ft2 m2
Ground Floor ft m
Sales Area Internal Width 18’10 5.51
Sales Depth 57’6 17.55
Sales Area 1017 94.48

First Floor
Storage 566 52.58

Tenure
A new Lease is available at a commencing annual rental of £12,000 plus VAT for a term of years to be agreed on an effective Fri basis with annual service charge provisions at a cost of £1,998.55 for the year 2022/2023.

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 quoting rent is subject to VAT.

Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £11,750. The Uniform Business Rate for the Rates Year 2023/2024 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
C4003

EPC

Energy Rating C