The property is situated on Derwent Street within the city of Sunderland, occupying a convenient city centre location within walking distance of The Bridges indoor shopping centre, Park Lane public transport interchange and the University of Sunderland City Campus. Sunderland College is also located within close proximity.
Derwent Street is a well established commercial location, predominantly characterised by retail and service occupiers, positioned close to the main retail core of Sunderland city centre, between Park Lane and Mary Street, on the western fringe of the city centre.
The subject property benefits from excellent transport connectivity to neighbouring centres including Newcastle upon Tyne and Durham via the A690 and A19. The property is also located a short walking distance from the recently developed West Park Quarter, providing a significant residential catchment with further homes under construction.
The property comprises a ground floor retail unit, well suited to a variety of occupiers. Internally, the premises provides a well proportioned and open plan retail sales area, offering flexibility for a range of uses within Class E.
The unit has been modernised in recent years and features white washed walls, grey tile effect flooring, air conditioning units and a roller shutter security blind to the frontage. The property is offered in a turnkey condition, suitable for immediate occupation.
There is scope to lease the adjoining unit at 24 Derwent Street, subject to negotiation.
Ground Floor
970 sq.ft (90.16 sq.m)
5.89m retail frontage
A new EFRI lease is available on the ground floor at an asking rent of £13,200 per annum exclusive.
We understand the property may qualify for Small Business Rates Relief; however, interested parties are advised to make their own enquiries with the Local Authority to confirm the current position.
EPC Rating: B
Each party is to be responsible for their own legal costs incurred in the transaction.
All rents, premiums and purchase prices quoted are exclusive of VAT. All offers are to be made to Bradley Hall on this basis and, where silent, will be deemed net of VAT.
For all enquiries and viewing arrangements, please contact Helen Wall at sole agents, Bradley Hall.
