Retail premises to let in Green Terrace, Sunderland SR1

Location
Green Terrace is situated on the immediate fringe of Sunderland City Centre and overlooks St Michaels Way at the rear, one of the main arterial routes leading into the City Centre. The property is located within a block of office buildings adjoining Fitzgeralds Public House with other Pubs and Restaurants nearby. In addition, The Bridges Shopping Centre Car Park is directly opposite and Green Terrace comprises a bus route.

Description
Well-presented Ground Floor suite comprising reception and treatment rooms together with staff facilities which has been used as an aesthetic beauty clinic. The property has a Net Internal Area of 422 ft2 (39 m2) and would be suitable for hair/beauty or specialist retail use subject to necessary consent.

Please note – the property cannot be used for Aesthetic Beauty Treatments.

Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor
Net Internal Area 422 39.20

Tenure
A new Lease is available at a commencing annual rental of £7,500 plus VAT for a term of years to be agreed (minimum 3 years) on an effective Fri basis subject to 3 yearly Rent Reviews.

Available from January 2025

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Marc Weaver or Alexa Reavley

•
•
• VAT
The rent is subject to VAT.

Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £3,850. 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.

Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification

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
C4266

EPC

Energy Rating E