Office for sale in Hylton Road, Sunderland SR4

Location
The property is situated approximately 1.5 miles to the East of Sunderland city centre on North Hylton Road close to its roundabout junction with Front Road in the Hylton Lane Estate area of Sunderland adjoining Heron Foods. The immediate area is predominantly high-density residential. The site is shown for identification purposes on the attached plan.

Description
The property comprises 3 main elements.

• Retail parade of 5 shops with 5 residential units above having frontage to Hylton Road
• Former Housing Office with separate access and car parking to rear of retail parade
• Telecoms Mast let to EE Limited

See tenancy schedule for full information.
Accommodation
The property briefly comprises as follows:-
ft2 m2
Havelock Buildings
Ground Floor NIA 5697 529.25

First Floor NIA 4734 439.79

Total 10431 969.04

Shops (not inspected) 0.00

460 Hylton Road NIA (voa areas) 756 70.23

466 Hylton Road (voa areas) 399 37.07

468 Hylton Road (voa areas) 820 76.18

474 Hylton Road (voa areas) 639 59.36

476 Hylton Road NIA (voa areas) 666 61.87

First Floor 5 Flats (unmeasured)
Total Site Area: 1.79 acres

Tenure
We are advised the property is Freehold.

Asking Price
Offers in the region of £525,000 (five hundred and twenty-five 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
Figures quoted exclude VAT where chargeable.

Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Values are as follows:-

Address Type rv
Havelock Civic Building office £56,000
460 Hylton Road shop £ 6,400
466 Hylton Road shop £ 4,600
468 Hylton Road shop £ 5,300
474 Hylton Road shop £ 6,800
476 Hylton Road shop £ 5,300

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.

The residential flats fall within Council Tax Band A.

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 C4225 EPC Energy Rating 42/B