Office for sale in Athenaeum Street, Sunderland SR1

Location
Located at the prominent junction of Athenaeum Street and Frederick Street within the city’s main professional area. Nearby occupiers include Hackett Property, Dowens, Thomas Watson, Martin & Co and Andrew Craig together with a number of firms of solicitors and accountants etc. The premises are within very close proximity of the prime shopping area and within close walking distance of Sunderland Railway Station which has recently undergone a multi-million-pound redevelopment programme.

Description
The property is arranged at 2 separate self-contained units as set out below however is capable of being divided to provide 3 separate units if required.

22 Athenaeum Street
Ground floor former estate agency (no longer in occupation) having recently relocated nearby following the acquisition of Paul Airey Estate Agents. The basement was formerly sublet as an art gallery and has separate access from Frederick Street with its own WC’s and is therefore capable of being let as a separate unit. Currently let to Six Futures Limited t/a Martin & Co at an annual rental £12,750 until May 2024.

22a Athenaeum Street
Comprising well-presented first and second floor offices arranged over 2 floors with separate access currently let as offices/training to C&F Solutions Limited at an annual rental of £8,000 held on a lease expiring 29th March 2027. We understand the tenant would be willing to provide vacant possession if required.

Accommodation
The property briefly comprises as follows:-
22 Athenaeum Street ft2 m2
Ground Floor Offices 1265 117.52

Lower Ground Floor Gallery 648 60.20

22A Athenaeum Street
First Floor Offices 753 69.95

Second Floor Offices/Kitchen 289 26.85

Externally Small yard to rear
Tenure
We are advised the property is Freehold and is to be sold subject to the tenancies outlined above.

Asking Price
Offers in the region of £275,000 (two hundred and seventy five thousand pounds). We are advised the property is not subject to VAT.

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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• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Values are:
Ground Floor £10,000
Basement £2,700
First & Second Floors £8,600

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.

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 C4192 EPC Energy Rating 124/E