Commercial Property for sale

Investment, The Green, Sunderland

£329,950

Property Description

Key features

  • Investment
  • Detached Bank
  • Currently Let
  • Passing Rent 22,225
  • 20 Year Lease From 2008
  • Lease Upon Request
  • Excellent Investment
  • EPC RATING: D

Full description

INVESTMENT SALE - LET TO BARCLAYS BANK - The property is situated on The Green in Southwick, Sunderland which is a busy tertiary shopping parade situated to the north of Sunderland City Centre. The Green boasts an array of retailers including many national and regional operators in addition to a mix of local shops. The property comprises of a self contained detached retail bank having brick elevations under a tiled roof. The ground floor comprises of a bank premises having a sales / serving area and counters, with a rear store rooms, safe in addition to a number of offices. There is a first floor kitchen / staff room, store room and male / female WC's. The property is let to Barclays Bank Plc for a term of 20 years from 11 April 2008 at a passing rent of £22,225 per annum.

Location - The property is situated on The Green in Southwick, Sunderland which is a busy tertiary shopping parade situated to the north of Sunderland City Centre. The Green boasts an array of retailers including many national and regional operators in addition to a mix of local shops.

Description - The property comprises of a self contained detached retail bank having brick elevations under a tiled roof. The ground floor comprises of a bank premises having a sales / serving area and counters, with a rear store rooms, safe in addition to a number of offices. There is a first floor kitchen / staff room, store room and male / female WC's.

Accommodation - The property briefly comprises of the following accommodation:
Ground Floor
Sales & Offices:
First Floor:
Kitchen / Staff Room
Store Room
Male / Female WC's

Tenure / Rent - The property is let to Barclays Bank Plc for a term of 20 years from 11 April 2008 at a passing rent of £22,225 per annum. There is provision for a rent review every 5 years. The review dated 29th September 2012 was agreed at a nil increase.

The tenant has the option to determine the lease at the expiration of the 15th year subject to not less than 6 months notice in writing

Purchase Price - We are instructed to seek offers in the region of £329,950

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


More information from this agent

Nearest stations

  • Stadium of Light (0.7 mi)
  • Pallion (0.8 mi)
  • St Peter's (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Michael Hodgson, Sunderland

4 Athenaeum Street, Sunderland, SR1 1QX

0191 687 0488 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stadium of Light (0.7 mi)
  • Pallion (0.8 mi)
  • St Peter's (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Michael Hodgson, Sunderland

4 Athenaeum Street, Sunderland, SR1 1QX

0191 687 0488 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26627612. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Michael Hodgson, Sunderland. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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