Pennywell Shopping Centre, Portsmouth Road

LOCATION
Pennywell Shopping Centre is located within Pennywell in Sunderland. A community focal point, the centre receives busy trade daily. Penny-well is located 2 miles from Sunderland City Centre and 9 miles from Newcastle upon Tyne. The premises enjoy excellent transport links, situated 1 mile from the A19. Surrounding occupiers within the centre include strong covenants such as Iceland, Asda, Greggs, The Post Office and Coral bookmakers. Local covenants include a beauty clinic, barbers and a fruit and vegetable shop.

DESCRIPTION
The property comprises a ground floor retail unit which benefits from onsite parking directly opposite, laminate floor, partitioned office, and glazed frontage with secure roller shutter. W/C facilities to the rear of the property. There is scope to create a larger unit with the adjacent property with a
combined floor area of approximately 2,032 sq ft. Further details avail-able upon request.

ACCOMMODATION
Ground Floor 68.9m² (741ft²)

RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £10,250 and the estimated rates payable for the current year is £5,022. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

EPC RATING
EPC – D (80)

TERMS
The premises are available to let for £12,000 per annum. Rent is exclusive of service charge, insurance and VAT.

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