Office for sale in Frederick Street, Sunderland SR1

Location
Frederick Street forms part of the main Sunniside professional area and is predominantly occupied by firms such as solicitors, surveyors, estate agents and insurance brokers together with a small number of niche retailers. In recent years this part of the city centre has been the subject of redevelopment and in particular has seen a number of similar properties reverting from office use back to residential for which they were originally constructed.

Description
The property comprises 4 interconnecting terraced Victorian buildings constructed circa 1850 having been occupied by a firm of solicitors for a number of years. Each building is arranged over ground, first and second floors with the exception of number 3 Frederick Street which has a full height basement. The main buildings are of brick and slate construction having pitched slated roofs with a series of single, 2 storey and dormer additions to the rear. There is car parking for approximately 9/10 vehicles to the rear of the buildings which could be increased by demolition of some of the rear extensions. The property is shown for identification purposes only on the attached plan.

The properties are offered for sale as our clients are relocating to a newer building within the city centre.

Accommodation
The property briefly comprises as follows :-

Ground Floor
Offices 3346 ft2 310.84 m2

First Floor
Offices 1909 ft2 177.35 m2

Second Floor
Offices 1263 ft2 117.33 m2

Basement (No.3 Only)
Stores 154 ft2 14.31 m2

total 6672 ft2 619.83 m2

Externally
*The property benefits from approximately 9/10 car parking spaces which could potentially be increased with demolition of rear extensions.

Tenure
We are advised the property is Freehold.

Asking Price
Offers in the region of £425,000 (four hundred and twenty-five thousand pounds). Unconditional offers are preferred.

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
Figures quoted exclude VAT where chargeable.

Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £35,350 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.

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
C4153

EPC

Energy Rating 119/E