Office for sale in Frederick Street, Sunderland SR1

Location
The property is prominently located at the junction of Frederick Street and Atheneum Street within the main professional area close to various firms of surveyors, estate agents and solicitors including Dowen’s, Hackett’s, and Martin & Co. The impressive Sunniside Gardens and Esports performance campus sit adjacent and within easy walking distance are the recently redeveloped rail and Metro station, The Bridges shopping centre and Museum and Winter Gardens.

Description
The building is one of only a few in the Sunniside area of modern construction having open plan floor plates and windows to 3 elevations and therefore readily capable of subdivision. Floor plans are attached.

Accommodation
The property briefly comprises as follows:-
Accommodation ft2 m2
Ground Floor
Office 793 73.67

First Floor
Office 762 70.79

Lower Ground Floor
Office 782 72.65

Externally
3 car parking spaces
total 2337 217.11

Tenure
We are advised the property is Freehold. The ground and first floors will be sold with vacant possession. The first floor is let to Adecco UK Limited for a term of 3 years expiring 23/05/2025 at an annual rental of £10,000 on an efri basis with service charge provisions.

Asking Price
Offers in the region of £230,000 (two hundred and thirty thousand pounds)

VAT

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 £7,300
First Floor £6,000
Lower Ground Floor £2,900
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
C4070

EPC

Ground Floor Energy Rating 71/C
First Floor Energy Rating 65/C
Basement Energy Rating 67/C