Retail Property (high street) to rent

Phoenix House, Union Street, Sunderland, SR1 3BT

646 sq. ft. | £20,000 pa| £1,667 pcm

Property Description

Commercial information

  • 646 sq ft (60 sq m)
  • Use class orders: A1 Shops

Letting information:

Letting type: Commercial

Key features

  • Situated in the heart of Sunderland's retail core
  • Main link between the adjoining Bridges Shopping Centre and High Street West
  • Directly opposite Sunderland Metro and Rail Station
  • City centre car park is provided to the rear
  • substantial redevelopment of this former office accommodation
  • Provide high quality student residential accommodation to the upper floors
  • Work will start in May 2015 and be finished early 2016
  • The retail units will be provided to a specification to be agreed

Full description

Location:

The accommodation is situated in the heart of Sunderlandís retail core fronting onto Union Street, the main link between the adjoining Bridges Shopping Centre and High Street West. The property is also directly opposite Sunderland Metro and Rail Station and a city centre car park is provided to the rear. Nearby occupiers include BHS,
WH Smith, Poundland, Bon Marche and Halifax Building Society.

Proposed Development:

The property has been acquired by clients to provide a substantial redevelopment of this former office accommodation with retail units below. The intention is to provide high quality student residential accommodation to the upper floors. It is intended that the work will start in May 2015 and be finished early 2016. The scheme will provide a minimum of
94 bedrooms. The retail units will be provided to a specification to be agreed.

Accommodation:

Given the proposed works the accommodation available is likely to provide some degree of flexibility. Existing tenants, Greggs Plc and Subway will remain in occupation. The ground floor provides a current net internal area of circa 5,000 sq ft. Negotiations are continuing to satisfy the demand from existing tenants but accommodation ranging from 656 sq ft to 5,000 sq ft may be made available subject to gaining full vacant possession.

Terms:

The units will be available on effectively full repairing and insuring leases via a service charge provision. Full quoting terms are available with rents starting from £20,000 per annum. All rents quoted are exclusive of rates, service charge and all other outgoings.

Rateable Value:

The scheme will be subject to a full rating revaluation following completion of any amalgamation works. Further details of rates are available from either the agents or Sunderland City Council.

Energy Performance Certificate :

Appropriate Energy Performance Certificates will be available for individual units following completion of redevelopment works.

More information from this agent

Nearest stations

  • Sunderland (0.0 mi)
  • St Peter's (0.4 mi)
  • Park Lane (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

@retail, Newcastle Upon Tyne

Cobalt Business Exchange, Cobalt Way, Newcastle Upon Tyne, NE28 9NX

0191 687 0662 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

  • Sunderland (0.0 mi)
  • St Peter's (0.4 mi)
  • Park Lane (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

@retail, Newcastle Upon Tyne

Cobalt Business Exchange, Cobalt Way, Newcastle Upon Tyne, NE28 9NX

0191 687 0662 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.

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Property reference PhoenixHouseSunderland. 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 @retail, Newcastle Upon Tyne.

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