Office for sale in Vine Place, Sunderland SR1

Location
The property is centrally situated on the south side of Vine Place within the city centre which is a main bus route through the city on the western fringe of Sunderland’s retail core close to its junction with Holmeside, Crowtree Road and Park Lane adjoining The Bridges Shopping Centre car park. Other nearby occupiers include Ttonic Bar and tk Maxx with a number of independent retailers, hot food takeaways and café bar operators.

Description
The premises have previously been occupied as offices and retail and benefit from recently installed glazed meeting rooms on the second floor.

Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor
Net Internal Area 1621 150.59

First Floor
Net Internal Area 1651 153.38

Second Floor
Net Internal Area 1367 126.99

Basement
Net Internal Area 951 88.35

total 5590 519.31

Tenure
We are advised the property is Freehold.

Asking Price
Offers in the region of £290,000 (two hundred and ninety thousand pounds)

VAT

We are advised the property is not elected for VAT.

Leasehold
Alternatively, a new Lease is available at a commencing annual rental of £30,000 for a term of years to be agreed (minimum 5 years) on a Tenant Fri basis subject to 5 yearly Rent Reviews.

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 Value is £29,250. 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 C4252

EPC Energy Rating 106/E