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Commercial Property for sale

Bede Street, Roker, Sunderland

£175,000

Property Description

Key features

  • INVESTMENT
  • Fish And Chip Shop
  • Busy Location
  • 20 YEAR LEASE
  • AGREED RENT INCREASES
  • 15,340 Per Annum
  • LEASE UPON REQUEST
  • EPC RATING:D

Full description

INVESTMENT FOR SALE - An exciting opportunity to purchase a INVESTMENT that trades as a fish and chip shop in Roker, Sunderland. The property is situated on Bede Street in Roker which is a popular and sought after suburb of Sunderland boasting easy access to the sea front and its amenities as well as Sea Road and Roker park. The property comprises of a self contained ground floor shop having a front sales area/counter and cooking area, rear preparation area and store room. The shop is let for a term of 20 years from 12th October 2015 at an initial rent of £15,340, there are agreed rent review increases from 2020 - 2025 to £18,200 then 2025 to 2030 - £20,600 and from 2030 to 2035 - £23,900 - a copy of the lease is available upon request.

Situation - The property is situated on Bede Street in Roker which is a popular and sought after suburb of Sunderland boasting easy access to the sea front and its amenities as well as Sea Road and Roker Park.

Description - The property comprises of a self contained ground floor shop having a front sales area/counter and cooking area, rear preparation area and store room.

Accommodation - We calculate the property provides the following approximate areas and dimensions:

Sales Area: 34.72 sq m (374 sq ft)
Prep Area: 17.44 sq m (188 sq ft)
Storage: 13.24 sq m (143 sq ft)

Lease & Rent - The shop is let for a term of 20 years from 12th October 2015 at an initial rent of £15,340, there are agreed rent review increases from 2020 - 2025 to £18,200 then 2025 to 2030 - £20,600 and from 2030 to 2035 - £23,900 - a copy of the lease is available upon request.

Rateable Value - Following an enquiry on the Valuation Office website we have ascertained that the Rateable Value is £3,400. However this figure cannot be relied upon and if necessary a written request should be made to the Local Authority for confirmation. The Uniform Business Rate for the Rates Year 2015/2016 is 49.3p

Freehold Legal Costs - Each party will be responsible for their own Legal Fees incurred in the transaction.

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

Viewing - Strictly by appointment only through sole agents Michael Hodgson Chartered Surveyors & Estate Agents. Tel No. (0191) 5657000.


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