33-42 Fawcett Street, Sunderland, Tyne And Wear, SR1

Location:
Prominent corner location fronting Fawcett Street and Waterloo Place, situated close to Market Square, The Bridges Shopping Centre and the city centre's Rail and Metro Station.

Nearby occupiers include the City Library, Laser Quest, J D Wetherspoon, Yates's, The Post Office, Newcastle Building Society and Santander.

Accommodation:
The premises comprise an imposing detached former department store, arranged over 6 floors extending to approx 10,020 m2 (107,860 ft2), with sales accommodation on 4 floors and escalator access to all upper floors, together with two passenger lifts and two goods lifts all in situ.

The third floor was previously used by an independent cafe operator, so there is potential for this arrangement to be reinstated under a sub-tenancy agreement.

Interest over part only may be considered.

Demise:

Ground Floor 19,670sq.ft. 1,827sq.m.
First Floor 20,422sq.ft. 1,897sq.m.
Second Floor 17,762sq.ft. 1,650sq.m.
Third Floor 15,794sq.ft. 1,467sq.m.
Basement Floor 19,875sq.ft. 1,846sq.m.
Fourth Floor 14,338sq.ft. 1,332sq.m.

Rent:
Upon application

Tenure:
Subject to formal vacant possession, a new lease is available for a term to be agreed.

Freehold sale may also be considered, full details upon application.

Business Rates:
The premises currently has a rateable value of £230,000. For further details visit Gov.uk or contact the business rates department at the local authority.

EPC:
Energy Performance Asset Rating - E

Legal Costs:
Each party to be responsible for their own legal and professional costs incurred in this transaction.

VAT:
Unless otherwise stated, all prices/rents are quoted exclusive of VAT.

Date Prepared:
September 2023

Subject to Contract
Without Prejudice