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SOLD STC

Frederick Street, City Centre, Sunderland

Key features

  • INVESTMENT SALE
  • NO TENANTS
  • OVER 4 FLOORS
  • CITY CENTRE LOCATION
  • EXCELLENT INVESTMENT
  • LEASES UPON REQUEST
  • VIEWING ADVISED
  • EPC RATINGS: TBC

Description

INVESTMENT SALE - This 4 storey mid terraced property is located on Frederick Street in Sunderland City Centre which is considered to be the professional district of the city with many surrounding occupiers including solicitors, estate agents amongst a mix of other retailers and cafes / restaurants. The property is arranged over 4 floors and is fully occupied by 3no tenants. To the rear is a yard for car parking. Full lease details are available upon request. The passing rent for the building is £14,560 per annum.

Location - This 4 storey mid terraced property is located on Frederick Street in Sunderland City Centre which is considered to be the professional district of the city with many surrounding occupiers including solicitors, estate agents amongst a mix of other retailers and cafes / restaurants.

Description - The property is arranged over 4 floors and is fully occupied by 3no tenants to the ground floor, first floor & second floor (attic) and a self contained basement. Within the building are shared WC's and a Kitchen

To the rear is a yard for car parking. Full lease details are available upon request.

Accommodation - We calculate the property provides the following approximate net internal areas:

Basement - 43.07 SQ M (464 SQ FT)

Ground Floor - 41.45 SQ M (446 SQ FT)

First Floor - 70.64 SQ M (760 SQ FT)

Second Floor - 43.07 SQ M (463 SQ FT)

Asking Price - £160,000 - One Hundred and Sixty Thousand Pounds

Tenancy Details - We have been advised of the following tenancies in the property:

Basement - A lease for a term of 5 years from 1st July 2022 at a passing rent of £4680 per annum. The tenant has a 6 months break clause

Ground Floor - A lease for term of 1 year from 1st May 2019 at a passing rent of £4680 per annum. The tenants are holding over on the lease.

First & Second Floor - A lease for term of 1 year from 5th April 2019 at a passing rent of £5200 per annum. The tenants are holding over on the lease.

Tenure - The property is being sold on a freehold basis subject to the leases in place.

Money Laundering Regulations - In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer - None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Epc - TO FOLLOW

Viewing - Please contact the office on - email

Or our Joint Agents

Contact – Marc Weaver or Alexa Reavley
or


Freehold Legal Costs - Each party will be responsible for their own Legal Fees incurred in the transaction.

Rateable Value - The Valuation Office has confirmed the current Rateable Values are as follows:

Ground Floor: £4,750
First & Second Floors: £7,800
Basement: £3450



The Uniform Business Rate for the Rates Year 2023/2024 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.

Brochures

Frederick Street, City Centre, Sunderland
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Frederick Street, City Centre, Sunderland

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About Michael Hodgson, Sunderland

4 Athenaeum Street, Sunderland, SR1 1QX
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Michael Hodgson Chartered Surveyors & Estate Agents are a multi award winning agency who recognise that you are considering entrusting the sale or letting of one of your most valuable assets to our company.

We offer a seamless and distinctive approach to the property market and combine entrepreneurial flair with solid professional knowledge to advise on and then implement the right solution for each client using a unique blend of traditional standards with a contemporary twist.

Our expertise means we are committed to providing the highest quality of personal service together with specialist advice on residential and commercial property. At Michael Hodgson we pride ourselves on delivering a first class service, combining professionalism with targeted results. Integrity and honest are the core values we adhere to. We always put our clients first.

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Disclaimer - Property reference 32627103. 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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