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Retail Property (high street) to rent

11 Pennywell Shopping Centre

£23,500 pa

Property Description

Key features

  • Retail unit to let
  • Size of 284.4m (1,984.88ft)
  • Benefits from A5 use class
  • New lease available
  • EPC Rating D77
  • Rental of 23,500 per annum exclusive

Full description

SITUATIONPennywell Shopping Centre is located within the neighbourhood of Pennywell in Sunderland. A community focal point, the centre receives a bustling trade daily. Pennywell is located 2 miles from Sunderland City Centre and 9 miles from Newcastle upon Tyne. The premises enjoy excellent transport links, situated 1 mile from the A19.Surrounding occupiers within the centre include strong covenants such as Iceland, Asda, Greggs, The Post Office and Coral bookmakers. Local covenants include a beauty clinic, optometrist and a fruit and vegetable shop. Nearby amenities include a primary school and a medical centre.DESCRIPTIONThe property consists of a ground floor retail unit which is situated directly opposite the onsite car parking. The property benefits from an A5 use class and is currently operating as a fish and chip shop.ACCOMMODATIONThe unit comprises:Ground floor 184.4m² (1,984.88ft²)TERMSThe property is available by way of a new lease with terms to be negotiated at rental of £23,500 per annum exclusive. Service charge and rates are applicable and will be on a pro rata basis.RATING ASSESSMENTDescription RV Estimated Rates PayableShop and £18,000 £8,712.00PremisesWe are advised that the rateable value of the premises as at 1 April 2010 is £18,000 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48.4p in the pound. However, interested parties should confirm the current position with the Local Authority. As a new occupier rights of appeal may exist against this assessment. Rates will be applicable on a pro rata basis.EPC RATING D77LEGAL COSTSEach party is to bear their own legal costs involved in the transaction.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.

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Property reference 3112. The information displayed about this property comprises a property advertisement. 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 Bradley Hall Chartered Surveyors & Estate Agents, Newcastle upon Tyne - Commercial.

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