Office for sale in Foyle Street, Sunderland SR1

Location
Foyle Street is part The Sunniside Regeneration Area comprising a number of listed Victorian properties sympathetically restored in recent years reinstating period railings, street lighting and cobbled roadway. As a result, this part of the city centre has attracted bars, restaurants and niche retailers but also complimenting firms of solicitors, estate agents, accountants and other professional firms.

Description
The property is arguably one of the best office buildings to come onto the market in recent years having been refurbished to a very high standard and was the subject of major capital expenditure in 2010. The premises have been occupied as an accountants practice benefiting from open plan reception area and separately accessed lower ground floor, together with private meeting rooms/offices on the upper floors and unusually a 6 space car park to the rear.

Accommodation
The property briefly comprises as follows:-

ft2 m2

Ground floor

Offices (open plan) 507 47.10

First floor

Offices 546 50.72

Second floor

Offices 217 20.16

Lower groubd floor

Offices/WC 562 52.21

total 1832 170.19

Externally

6 car parking spaces to rear

Tenure
The property is Freehold however may be subject to a perpetual annual rental charge.

Asking Price
Offers in the region of £190,000 (one hundred and ninety thousand pounds).
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
We are advised the property is non-vat elected.

Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £11,000. 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 C4215

EPC Awaiting Information.