£13,500 pcm

23 Vine Place,, Sunderland

Description

CITY CENTRE RETAIL OPPORTUNITY

LOCATION
The subject property is situated on Vine Place which is an established secondary retailing parade to the southwest of Sunderland City Centre. The Park Lane public transport interchange along with The Bridges Shopping Centre are in close proximity and provide associated car parking provision. Occupiers in the surrounding area are predominantly local operators with numerous public houses and licensed properties within this particular area of the city centre. Occupiers adjacent to the subject property andwithin the nearby vicinity include Hays Travel, TK Maxx, William Hill, ttonic, Chilino’s and Tequila Tequila along with numerous others.

DESCRIPTION
The property comprises a mid-terraced three storey building of brick construction under a pitched tiled roof. Internally the premises offer a reasonably sized sales area with a fully glazed shop frontage providing good levels of natural light along with ancillary storage at ground floor level. Both first and second floors provide additional storage space, and the first floor accommodates kitchen and WC facilities. There is also a basement with restricted floor to ceiling height however again providing ancillary storage. The property also benefits from having a rear external yard for delivery purposes. The property currently has consent for A1 Retail use under the Town & Country Planning Use Classes Order1987, however alternative uses may be considered subject to obtaining necessary planning consent.

ACCOMMODATION
We understand that the accommodation provides the following approximate net internal floor areas:

Description M2 Ft2
Ground Floor
Retail Sales Area 53.98 581
Internal Storage 12.50 135
First Floor Storage 63.80 687
Second Floor Storage 54.48 586
Basement Storage 45.67 492
Total 230.43 2,480

EPC RATING
Rating E – (123)

RATING ASSESSMENT
With effect from 1 April 2023 we understand that the property is assessed for rating purposes as follows:- Rateable Value £14,500 Interested parties should verify the accuracy of this information and rates payable with the Local Rating Authority (Sunderland City Council).

TERMS
The property is available on a full repairing and insuring lease for a term to be agreed at a rent of £13,500 per annum. Subject to contract

SERVICES
We understand that the property has water and electric services connected to the property however any interested parties should make their own investigations with regard to this matter.

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.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.