Retail premises to let in Victoria Road, Washington NE37

Location

Washington is situated 6 miles west of Sunderland City Centre and 10 miles south of Newcastle. Washington benefits from a good road network in close proximity to the A1(M) and A19. Washington has an urban population of 53,388 persons and a district population of 280,807 persons.

The property is situated in the popular and well-established residential district of Concord in a prime position within Arndale House which provides the primary retail focus for the immediate area. Tenants within the parade include Greggs, Heron Frozen Foods, Savers, Boots and Dicksons.

Description

The property comprises a single storey end-terraced former bookmakers premises. Internally the property provides cleared ground, open plan, retail space. To the rear of the ground floor there is a disabled WC as well staff welfare and breakout facilities.

Accommodation

The property includes the following gross internal areas:

Ground Floor 136.10 sq m / 1,465 sq ft

Terms

Offers are sought in the region of £25,000 per annum (exclusive of VAT, service charge and insurance) for a new effectively full repairing and insuring lease of the property. All other terms are to be agreed by negotiation.

Rating assessment

The rating assessment currently appearing on the Valuation List is as follows:

Retail £30,000

The Small Business Rate for the year 20242025 is 49.9 pence in the pound.

Anti-money laundering

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.

Legal costs

Each party to bear their own legal costs incurred in the transaction.

Energy performance

The property has an Energy Performance Certificate rating of C(52).

VAT

All figures are exclusive of VAT where chargeable..