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Retail Property (high street) for sale

17 Norfolk Street

£170,000

Property Description

Key features

  • Total Area 238.4m2 (2,595 sq ft)
  • First and Second Floor Office Space
  • Within Close Proximity of the Empire Cinema and City Centre Shopping Area.
  • Low Rateable Value
  • Glazed Frontage
  • Freehold 140,000

Full description

SITUATIONThe property is situated on Williams Street, just seconds from the Sunniside Leisure Complex on High Street West. The mixed use leisure scheme is gaining popularity within the City and is considered the primary location for family entertainment. The Bridges Shopping Centre is also located within comfortable walking distance.Neighboring occupiers include; Empire Cinemas, Nandos, Frankie & Benny’s, Grosvenor Casino and Travelodge. The area benefits from fantastic public transport links and public car parking is provided in abundance.The property is located in Sunderland city centre in a mixed residential and commercial area having benefitted from substantial investment in the streetscape in the recent past.DESCRIPTIONThe property comprises a mid terrace shop/workshop premises with glazed frontage and secure roller shutter door to ground floor level.The first floor and second floors provide substantial office accommodation with kitchen area.ACCOMMODATIONGround Floor Retail/Workshop 109.7 m2 (1,181 ft2)First Floor Office Space 43.6 m2 (498 ft2)Second Floor Office Space 31.6 m2 (340 ft2)Basement 53.5 m2 (576 ft2)Total 238.4 m2 (2,595 ft2)TERMSOur client is seeking offers in the region of £140,000 for the benefit of their freehold interest.RATING ASSESSMENTWe understand that the rating assessments on the premises as at 1 April 2010 is as follows, although we would advise that some of the assessments may have been the subject of appeals and any interested party should confirm the current position with the Local Authority.Description RV UBRFactory & Premises £4,200 48.4pAny interested party should make their own enquiries with the Local Authority to confirm the current position.ENERGY PERFORMANCEAvailable upon application.LEGAL COSTSEach party to be responsible for any legal costs involved in the lease preparation.VATAll 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.VIEWINGFor general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors on 0191 383 9999.


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