Retail premises to let in Sea Road/Fulwell Road, Sunderland SR6

Location
The property is situated on Sea Road at its highly prominent junction with Fulwell Road. Sea Road is a popular suburban shopping parade which serves the Fulwell district of Sunderland approximately 2 miles north Sunderland City Centre close to the coast. The property sits at a busy traffic light junction immediately opposite the Bluebell Public House and Hays Travel. Other nearby occupiers include, Greggs, Hays Travel and Heron Foods.

Description
The premises are arranged over ground floor only comprising open plan showroom with return frontage to Fulwell Road. The first floor is under separate ownership and is therefore excluded.

Accommodation
The property briefly comprises as follows:-

ft2 m2
Ground Floor
Net Internal Area 1630 151.43

Tenure
We are advised the property is held by way of long leasehold interest for a term of 999 years from 12th January 1989.

Asking Price
Although our client’s preference is to lease the property, our clients may give consideration to a sale. Details on request.

Leasehold
A new Lease is available at a commencing annual rental of £22,500 for a term of years to be agreed (minimum 5 years) on an effective Fri basis subject to 5 yearly Rent Reviews.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.
Viewing
Strictly by appointment.
Contact – Mario Jaconelli or Alexa Reavley

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• VAT
The property is not subject to VAT.

Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £20,500. 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
C4221

EPC

Awaiting Information