Property description
SITUATION
Pennywell 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.
DESCRIPTION
The property consists of a ground floor retail unit which is situated directly opposite the onsite car parking.
ACCOMMODATION
The property comprises:
Ground Floor
116.60m²
(1,255ft²)
TERMS
Our clients are seeking a rental of £20,000 per annum by way of a new lease on terms to be agreed.
RATING ASSESSMENT
Description
RV
Estimated Rates Payable
Shop and
£15,750
£7,418.25
Premises
We are advised that the rateable value of the premises as at 1 April 2010 is £15,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 47.1p 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.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
VAT
All 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.
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.
Property Features :
- New Lease Available
- Size 116.6m² (1,255ft²)
- Busy neighbourhood centre
- EPC Rating C72
- Viewing by appointment only