Commercial Property for sale

Barclays Bank, The Green, Sunderland, Tyne And Wear, SR5

Offers in Region of 3,477 sq. ft. | £329,950

Property Description

Commercial information

  • 3,477 sq ft (323 sq m)

Key features

  • Detached Freehold Bank Investmant
  • Blue-Chip Tenant | Barclays Bank PLC
  • Prime Trading Location
  • Bank Arranged Over Ground And First Floor
  • Passing Rent: 22,225 Per Annum
  • 20 Year Lease In Place From April 2008
  • Gross Yield Circa 6.73%
  • Staff And Visitor Car Park To The Rear Of The Building
  • Excellent Investment Opportunity

Full description

Tenure: Freehold

INVESTMENT PROPERTY FOR SALE - LET TO BARCLAYS BANK PLC

Jonathon Lewis are delighted to offer for sale this excellent investment property situated on The Green, Southwick, Sunderland. The said property is let to Barclays Bank Plc and is located in a busy shopping area with plenty of captive trade. EXCELLENT INVESTMENT OPPORTUNITY!



LOCATION

Located on The Green, in the heart of the densely populated area of Southwick, Sunderland. The Green is a bustling shopping parade located to the North of Sunderland approximately 2 miles from the City centre, where you can find a variety of local and national operators such as Greggs, Iceland, Lloyds Bank, Ramsdens, B & M's and Heron Foods The property occupies a good trading position with excellent passing trade.


DESCRIPTION

The property is a detached, purpose built Bank building set out over two floors with ancillary areas and a large car park to the rear for customers and staff.



ACCOMMODATION

Comprises of a two storey detached, brick built Bank building with tiled roof and car park to the rear


GROUND FLOOR: Total Floor area approx. 231 m2 (2486 ft2).

Bank Trading Floor And Four Offices.

Rear Storage Rooms.


FIRST FLOOR: Total Floor area approx. 92 m2 (990 ft2).

Kitchen & Staff Room.

Store Room.

Male & Female W.C's

TOTAL INTERNAL AREA: Approx 323 m2 (3476 ft2)



TENURE

We have been advised by our clients that the property is held Freehold.



TENANCY

The premises are currently rented out by way of a Fully Repairing and Insuring lease for a term of 20 years from 11th April 2008 at a passing rent of 22,225 per annum, with a provision for rent review every 5 years.



ASKING PRICE

Offers sought in the region of 329,950 ( Three Hundred And Twenty Nine Thousand Nine Hundred and Fifty Pounds ) plus any associated fees.



VAT

All the figures quoted exclude VAT where chargeable.



RATES PAYABLE

We have been verbally informed that the premises are assessed as follows:

Rateable Value: 16,750

Rates Payable: 8,107

Interested parties should contact the Local Rating Authority to determine the precise
rates payable. Incentives may apply.



LEGAL COSTS

Each party is to be responsible for their own legal costs incurred in the transaction.



ENERGY PERFORMANCE

EPC Rating: The Rating Is C

The certificate is available upon request.



DISCLAIMER

None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Lessee or Buyer to ensure that they are in working order. Any areas, measurements and distances given are approximate only.



VIEWING: STRICTLY BY APPOINTMENT ONLY

To arrange an appointment to view this property contact Martin Quinn at Jonathon Lewis Estate Agents on 0191 5816652.

Opening Hours
Monday to Friday 9.00am - 5.30pm
Saturday 9.00am - 2.00pm


STAND OUT FROM THE CROWD ! If you are thinking of selling or currently have your property on the market with another Estate Agent and feel you are not receiving the results they promised, we would be delighted to hear from you. One of our expert valuers will carry out a free no obligation valuation of your property and give you specialist marketing advice.


DON'T JUST TAKE OUR WORD FOR IT...

"Carol and I would like to thank you all for your very professional and efficient service during the sale of our property. Your recommendations were most realistic and clearly stated, jargon free and to the point. We both felt very comfortable dealing with you all and felt quite certain that you knew your business, area and clientele well. Each time we visited the Office we were sure of a warm and courteous welcome. We would have no hesitation in recommending you to family and friends. Thank you once again."

Mr and Mrs Ayre, Seaham



IMPORTANT NOTE

The premises are offered subject to contract, availability and confirmation of details. The particulars do not form part of any contract and whilst believed to be correct, no responsibility can be accepted for any inaccuracies or errors. No other statements contained in the particulars are to be relied upon as a statement of fact and are a general outline only for the guidance of intending purchasers or tenants, and should be verified by you on inspection or by your solicitor as to the correctness of these statements. The photographs show only parts of the property as they appeared at the time taken. You should not rely on statements by Jonathon Lewis Ltd in the particulars or by word of mouth or in writing as being factually accurate about the property/business, its condition or its value. The vendor(s) or lessor(s) do not make or give Jonathon Lewis Ltd (nor their joint agents) nor any person in their employment any authority to make or give any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rentals quoted are exclusive of Value Added Tax to which they may be subject.

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:

Jonathon Lewis, Seaham

Unit 2 North Quay North Terrace Seaham SR7 7EU

0191 581 6652 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:

Jonathon Lewis, Seaham

Unit 2 North Quay North Terrace Seaham SR7 7EU

0191 581 6652 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 thegreen1009. 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 Jonathon Lewis, Seaham. 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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