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Commercial Property for sale

Bede Street, Roker, Sunderland

£165,000

Property Description

Key features

  • Investment
  • Indian Takeaway
  • Busy Location
  • 20 year lease
  • 13,000 per annum
  • Lease Upon Request
  • Viewing Advised
  • EPC RATING: TBC

Full description

INVESTMENT FOR SALE - An exciting opportunity to purchase a INVESTMENT that trades as an indian takeaway 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 and to the rear a cooking area and preparation area. The shop is let for a term of 20 years from 2nd July 2010, subject to 5 yearly rent reviews at a current passing rental of £13,000 per annum exclusive. There is a break clause on the 10th anniversary of the term. 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 and to the rear a cooking area and preparation area

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 2nd July 2010, subject to 5 yearly rent reviews at a current passing rental of £13,000 per annum exclusive. There is a break clause on the 10th anniversary of the term. 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 £3,050. 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 2016/2017 is 49.7p

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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