Pickersgill Court, Quay West Business Park

LOCATION

The property is located on the northern banks of the River Wear on Quay West Business Park, just off the B1539 with good access to the A19 to the west. Located 1.9 miles northwest of Sunderland city centre, the premises benefits from being a short drive from the Nissan Manufacturing Plant and Hylton Retail Park.

The city of Sunderland is currently undergoing a significant transformation underpinned by the Riverside Sunderland development which has seen over 100,000 sq.ft. of Grade A office space newly developed with commitment from Ocado and Royal Sun Alliance. Further information upon the transformation of the city can be found at: https://www.riversidesunderland.com/

DESCRIPTION

Three modern two storey brick-built office buildings with attractive views overlooking the River Wear. Each property has ground and first floor office accommodation and WC facilities.

Car parking is available on site with 24 car parking spaces within the demised area.

ACCOMMODATION

Property
7-8 Pickersgill Court 977 M2 10,516 Ft2

RATING ASSESSMENT

Property
Rateable value as at 1st April 2023
Rates payable for current year
7-8 Pickersgill Court
£84,500
£42,165

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

7-8 Pickersgill Court- EPC rating Band C.

TERMS

The property is available by way of Freehold title at an asking price of £1,800,000 (One Million Nine Hundred And Fifty Thousand Pounds) which represents a Net Initial Yield of 6.63% assuming usual purchaser’s costs.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

LEGAL COSTS

Each party is responsible for their own legal costs.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with 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 the Sunderland Office on sunderland@bradleyhall.co.uk or 0191 563 4242