Retail premises to let in Vine Place, Sunderland SR1

Location
The property is centrally situated on the south side of Vine Place within the city centre on a main bus route through the city on the western fringe of the 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, Hays Travel and a number of independent retailers, and café bar operators.

Description
The unique property has been occupied by a renowned high end fashion retailer for several years selling major international clothing brands. Accordingly, the property has been the subject of substantial investment and refurbishment both internally and externally offering open plan sales space across 2 levels linked with a glazed feature staircase having ancillary accommodation on the second floor.

Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor
Sales and ancillary 1504 139.72

First Floor
Showroom 1493 138.70

Second Floor
Staff/stores 1287 119.56

Total Floor Area 4284 397.98

Tenure
A new Lease is available at a commencing annual rental of £35,000 for a term of years to be agreed (minimum 5 years) on a Tenant Fri basis subject to 5 yearly Rent Reviews.

VAT

We are advised the property is not elected for 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 Value is £28.750 . 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 C4251 EPC Energy Rating 33/B