Retail premises for sale in St. Thomas Street, Sunderland SR1

Description

Location

St Thomas Street lies between the intersections of Fawcett Street and John Street within the desirable Sunniside Conservation Area in Sunderland City Centre.

Sunderland City centre is anchored by The Bridges Indoor Shopping Mall within which national multiples are represented such as River Island, H&M, Holland & Barrett and Boots.

Historically, Fawcett Street was the principal shopping parade in Sunderland housing a variety of department stores, and in more recent years the accommodation has diversified to a broader range of local retailer, leisure and residential uses.

The property is near to excellent transport links, lying just south of the A183 and Wearmouth Bridge, offering good access to the A1018 as well as the A19 to the West. Sunderland Railway Station is moments away and has recently been the subject of a £26 million redevelopment program. Metro links are also just a short walk away with fast accessability to Newcastle upon Tyne, as well as numerous local bus routes accessible on John St.

Sunderland City centre is currently undergoing a significant transformation underpinned by the Riverside Sunderland development which has seen over 100,000 sq.ft. Of Grade A office space newly developed with commitment from Ocado and Royal Sun Alliance. Further information upon the transformation of the city can be found at:

Description

A commercial portfolio situated within Sunderland City Centre. Occupies four separate retail units, all let to local retailers and located to the ground floor. Asset management potential.

Accommodation

Unit 1 48.5 sq m (522 sq ft)

Unit 2 95 sq m (1022 sq ft)

Unit 3 93.7 sq m (1008 sq ft)

Unit 4 93.3 sq m (1004 sq ft)

Total 330.5 sq m (3557 sq ft)

Rating assessment

Description rv Estimated Rates Payable

Unit 1 £12,250 £6,113

Unit 2 £12,250 £6,113

Unit 3 £10,750 £5,364

Unit 4 £13,250 £6,611

May qualify for small business rates relief.

EPC rating

To be confirmed

Tenure

Long leasehold. Further details available on request.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

Viewing

For general enquiries and viewing arrangements please contact Helen Wall at Bradley Hall.