Freehold Price of £150,000
The subject property is located on John Street in the heart of Sunderland City Centre. John Street is a popular road and benefits from good passing trade, due to the direct bus routes and Sunderland Train Station being only 0.2 miles away.
The property occupies a prominent location, with various large retailers located nearby, such as Lloyds Bank and Barclays Bank also the Bridges Shopping Centre which is less than 0.2 miles away.
The subject property comprises a mid terrace office building which is arranged over basement, ground, first and second floors.
The basement has currently been utilised as office and kitchen space but may be suitable for alternative uses, including storage.
The ground floor comprises three office suites, a reception area and WC/shower facilities whilst the first and second floors provide a further six offices and WC and storage facilities.
To the rear of the property there are parking spaces for six cars and a secure garage.
Basement 46.5m² (501ft²)
Ground Floor 73.9m² (795ft²)
Ground Floor Mezzanine 12.2m² (131ft²)
First Floor 58.4m² (628ft²)
First Floor Mezzanine 8.0m² (86ft²)
Second Floor 48.6m² (523ft²)
Total 247.6m² (2,665ft²)
Available on request
Description RV Estimated Rates Payable
Shop and Premises £15,000 £7,365
We are advised that the rateable value of the premises as at 1 April 2017 is £15,000 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48p in the pound. However, interested parties should confirm the current position with the Local Authority.
To be sold by way of freehold title at a price of £150,000 (one hundred and fifty thousand pounds).
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
Each party is to bear their own legal costs involved in the transaction.
MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
For general enquiries and viewing arrangements please contact Michael McGhin at Bradley Hall.
Tel: 0191 563 4242