25 John Street, Sunderland

Offices For Sale

2,665 ft²

Freehold Price of £150,000

Key Features

Features
Offices for sale
Total size of 247.6m² (2665ft²)
City centre location
Awaiting EPC Rating
High pedestrian footfall
Transport
Bus stops located outside of property
0.2 miles from Sunderland Metro Station
0.4 miles from A1018 which links with A183
18.9 miles from Newcastle International Airport

Property Description

LOCATION

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.

 

DESCRIPTION

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.

 

ACCOMMODATION

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)      

        

EPC RATING

Available on request


RATING ASSESSMENT

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.


TERMS

To be sold by way of freehold title at a price of £150,000 (one hundred and fifty thousand pounds).

 

VAT

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.


LEGAL COSTS

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.

 

VIEWING

For general enquiries and viewing arrangements please contact Michael McGhin at Bradley Hall.

Tel:         0191 563 4242    

Email:     Michael.mcghin@bradleyhall.co.uk


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