Foyle Street, Sunderland, SR1

LOCATION

The subject property is located on Foyle Street, a short distance from the Sunniside Leisure Complex on High Street West in Sunderland city centre. Sunniside Leisure Complex is a mixed-use leisure scheme which is considered one of the most popular locations for entertainment and leisure in the City Centre.

Foyle Street is situated in a popular business location with surrounding occupiers including Crea Comms, Creative Management Services, Arrow Business Centre and SR1 Hairdressing. Foyle Street is situated to the east of the city centre, just 0.3 miles from The Bridges Shopping Centre, 0.2 miles from Sunderland Metro and Train Station, 0.5 miles from Park Lane Bus and Metro Interchange and 0.2 miles from A1018 which links with A183 and A1231

DESCRIPTION

Located in a grade II listed terraced premises, this investment consists of a lower ground floor retail unit, ground floor retail unit and first / second floor three bedroom maisonette which is tenanted at a rent of £775 PCM.

ACCOMMODATION

Lower Ground Floor 49.1 (529sq ft)
Currently vacant, previously used as a haidressing salon, comprising main sales area with two treatment rooms a kitchen/storeroom and a shower room with WC.

Ground Floor 35.5 (382 sq ft)
Currently vacant, previously used as a beauticians and consists of a reception area, three treatment rooms and a kitchenette.

First / Second Floor 106 (1,141 sq ft) tenanted at £9,000 per annum

A three bedroom maisonette situated over first and second floors. Accomodation comprises; to the first floor is a reception hallway, lounge, kitchen/diner, bedroom three and bathroom. To the second floor are a further two bedrooms.

To the rear the property provides five car parking spaces.

RATING ASSESSMENT

Lower Ground Floor Retail – £9,500 (£4,655 small rates multiplier 0.49p)
Ground Floor Retail – £4,200 (£2,058 small rates multiplier 0.49p)
First Floor Accommodation – Band B (£1,476.46 PA).

EPC RATING

Lower Ground Floor Retail Rating – C-64.
Ground Floor Retail Rating – C-64.
First Floor Accommodation Rating – E-46.

TERMS

Available by way of Freehold Title at an Asking Price of £175,000 (One Hundred and Seventy Five Thousand Pounds).

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

LEGAL COSTS
Each party is responsible for their own legal costs.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

VIEWING
For general enquiries and viewing arrangements please contact Michael McGhin on michael. or