St Lukes Terrace, Sunderland,

LOCATION
The property is situated within an established residential neighbourhood known as Pallion, on the south side of the city of Sunderland.

There are a wide range of local amenities found on St Luke’s Terrace which is the main retail precinct serving the local neighbourhood catchment area. Nearby occupiers include Subway, Greggs and Dominos Pizza.

The Pallion Retail Park is nearby with multiple tenants including Matalan and B&M.

DESCRIPTION
The property comprises a single storey, mid terraced retail unit of traditional construction.
The property has a traditional shop frontage with ¾ height glazing upon timber stall riser. Accommodation is mainly open plan with ancillary stores, staff facilities and offices to the rear within a more modern extension. Additionally lies off street car parking

ACCOMMODATION
Area Name M2 Ft2
Retail Area 68.2 734
Storage Area 16 172
Office 4 43
Kitchenette 8.8 95
Storage/Staff Room 24 258
Total 121 1302

RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £13,750 and the estimated rates payable for the current year is £6,737. 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 (77).

TERMS
Available by way of new FRI lease terms at a rent of £15,000 per annum.
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 Michael McGhin on michael.mcghin@bradleyhall.co.uk or 0191 563 4242