Commercial Property For Sale
Retail
Ground Floor Retail Unit
Sunderland
£50,000 (Long-leasehold)
REF: NE2240
Location
The property is located on the main route which runs north out of Sunderland City centre across the iconic Monkwearmouth Bridge. The area is undergoing significant investment and following the construction of the Stadium of Light and a large TESCO superstore has also been built. The main road junction and traffic flow has been significantly improved on North Bridge Street.
The unit forms part of a parade of shops which occupy the ground floor of a large student accommodation block.
Description
Comprising a ground floor retail unit forming part of a large accommodation block.
Accommodation;
Ground Floor
Main Shop 119.8m² (1,290 sq.ft.)
Staff Toilet
Market Background
The property was previously occupied at a rent £12,000 per annum.
Business Rates
Rateable value of £12,500
Incentives available subject to status.
Services
Mains electricity, water and sewerage services are connected to the property.
Tenure
The unit is for sale on a long leasehold basis by way of a 250 year lease from 20/4/2016 at a peppercorn rent.
Asking Price
OFFERS OVER £50,000 are sought for the Long Leasehold Interest.
Legal Costs
Each party to bear their own.
EPC
Rating B.
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