23 Foyle Street, Sunniside, Sunderland, Tyne & Wear, SR1 1LE

Mixed Use Investment For Sale

2,052 ft²

Guide Price £175,000

Key Features

Property Description

LOCATION

 The subject property is located on Foyle Street, a short distance from the Sunniside Leisure Complex on High Street West in Sunderland city centre. Sunniside Leisure Complex is a mixed-use leisure scheme which is considered one of the most popular locations for entertainment and leisure in the City Centre.

Foyle Street is situated in a popular business location with surrounding occupiers including Crea Comms, Creative Management Services, Arrow Business Centre and SR1 Hairdressing. Foyle Street is situated to the east of the city centre, just 0.3 miles from The Bridges Shopping Centre, 0.2 miles from Sunderland Metro and Train Station, 0.5 miles from Park Lane Bus and Metro Interchange and 0.2 miles from A1018 which links with A183 and A1231.

DESCRIPTION 

The subject property compromises of a lower ground floor retail unit which consists of a main sales area with two treatment rooms a kitchen/storeroom and a shower room with WC. The ground floor consists of a reception area, 3 x treatment rooms and a kitchenette. The first floor consists of a residential apartment. To the rear the property provides 5 x car parking spaces. 

ACCOMMODATION

Property
M2
Ft2
Rent PCM
Rent PA
Lower Ground Floor
49.1
529
Vacant
Vacant
Ground Floor
35.5
382
Vacant
Vacant
First Floor
106
1,141
£750
£9,000


RATING ASSESSMENT 

Lower Ground Floor Retail – £9,500 (£4,655 small rates multiplier 0.49p)

Ground Floor Retail – £4,200 (£2,058 small rates multiplier 0.49p)

First Floor Accommodation – Band B (£1,476.46 PA).

EPC RATING 

Lower Ground Floor Retail Rating – C-64.

Ground Floor Retail Rating – C-64.

First Floor Accommodation Rating – E-46.

TERMS 

Available by way of Freehold Title at an Asking Price of £175,000 (One Hundred and Seventy Five Thousand Pounds). 

VAT 

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.


LEGAL COSTS  

Each party is responsible for their own legal costs. 


ANTI-MONEY LAUNDERING REGULATIONS 

In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income. 


VIEWING

For general enquiries and viewing arrangements please contact Michael McGhin on michael.mcghin@bradleyhall.co.uk  or 0191 563 4242


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