Rental of £10 per ft²
The subject property is situated on Colima Avenue in Sunderland Enterprise Park. The park was developed as part of the Sunderland Enterprise Zone in the 1990’s and is located two miles to the north west of Sunderland city centre. The property is situated in an excellent position, adjacent to the Wessington Way which is the main route into the city centre north of the River Wear. The Wessington Way is accessed via the A19 which is approximately 0.5 miles to the west and Sunderland City Centre is approximately 3.6 miles to the east.
The property is ideally located close to Sunderland Enterprise retail park where occupiers include Matalan, DW Sports Fitness, B&M Home Store, Aldi, Argos, Costa Coffee and multiple other occupiers. Adjacent the property, on the opposite side of the Wessington way is a petrol filling station. The property is set within landscaped grounds and has attractive views overlooking the River Wear. This is a popular location and home to major office occupiers including, Berghaus Limited, TSB, Sunderland NHS and Sunderland City Council, Avant Homes and Taylor Whimpey.
The property comprises of one self-contained pavilion office within a building of four. The office benefits from own front door access with reception area, kitchen with floor and wall units and separate male and female WC facilities. The office is essentially open plan, providing flexible working space. There are two partitioned offices/meeting rooms which can be removed if so required.
The office has a modern and high specification with suspended tiled ceilings with recessed strip fluorescent lighting, a gas central heating system feeding hot water radiators, comfort cooling and carpeted floors. There is also superfast broadband.
The property benefits from 8 allocated car parking spaces with further onsite parking provisions.
Office suite 170.38m² (1,834ft²)
Description RV Estimated Rates Payable
Office and Premises £18,250 £8,960.75
We are advised that the rateable value of the premises as at 1 April 2017 is £18,250 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.
The property is available by way of a new lease, terms of which are to be agreed at £10 per ft². The Landlord is willing to offer a very flexible lease deal with incentives including, rent free periods, break clauses, contributions toward fit out and/or legal fees. Subject to Contract and other lease terms.
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.
For general enquiries and viewing arrangements please contact Nicholas Bramwell or Richard Rafique at Bradley Hall.
Tel: 0191 232 80808
Or our joint agent Michael Downey at Lambert Smith Hampton:
Tel: 0191 232 6291