Retail premises to let in Newcastle Road, Sunderland SR5

Location

The property is located on Newcastle Road, one of the main arterial routes leading into and out of Sunderland city centre from the north. It is prominently situated on the western side of Newcastle Road, at the junction with Crozier Street. The city benefits from excellent road communications, with the A19 trunk road located approximately 3 miles west of the city centre, providing access to Newcastle upon Tyne in the north and Teesside to the south. In addition to its rail connections, which link into the main East Coast line, the city is served by the A690 and A1231 dual carriageways, which connect with the A1(M) to the west.

Description

The premises are arranged on the ground floor only, with a double-glazed frontage and an electric roller shutter. The space, formerly used as a tanning and beauty salon, comprises a retail area with an open-plan reception, a partitioned tanning room x 2, a beauty therapy room, a washroom, and a secure rear yard. We understand that the premises benefit from a 3-phase electricity supply.

The unit forms part of a retail parade of three shops serving a well-populated residential area with a variety of catering establishments and cafes. The property is also within walking distance of the Stadium of Light Metro Station and the Sunderland Aquatic Centre.

Accommodation

The property includes the following gross internal areas:

Name M² Ft²
Retail Zone 77 828.82

Terms

The property is available to let on a full repairing and insuring terms to be agreed at an annual rent of £10,000 per annum. All other lease terms are to be agreed by negotiation.

Rating assessment

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

Rateable Value £
2023 6,000

The Small Business Rate for the year 2024/2025 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 G(182).

VAT

All figures are exclusive of VAT where chargeable..