Property description

Jonathon Lewis are delighted to offer to the market this fantastic freehold property investment currently operating as Monsoon Indan Takeaway, Roker. The said property is currently let on a 20 year fully repairing and insuring lease with 14 years remaining at an annual rent of £14, 300 yielding around 8.6%.

DESCRIPTION
Located in the heart of the densely populated residential area of Roker, providing excellent levels of captive trade and being only a mile from Sunderland City centre. The property is of single storey construction with ancillary areas, built to full site depth and is very well maintained with a modern UPVC shop front and electric roller shutters.

ACCOMMODATION
Comprises of a single storey end terrace retail unit. Ground Floor: Total Floor area approx. 48 m2 (526 ft2). Rear Prep area. Rear Storage area and separate W.C

TENURE
We have been advised by our clients that the property is Freehold.

TENANCY
The premises are currently rented out by way of a fully repairing and insuring lease for a term of 20 years from 2010 with 14 years remaining at an annual rent of £14,300. The lease is now subject to an upwards rent review.

ASKING PRICE
Offers sought in the region of £165,000 ( one hundred and sixty five thousand pounds ) plus any associated fees.

VAT
All the figures quoted exclude VAT where chargeable.

RATES PAYABLE
We have been verbally informed that the premises are assessed as follows: Rates Payable: £1,080. Interested parties should contact the Local Rating Authority to determine the precise rates payable. Incentives may apply.

LEGAL COSTS
The buyer is to be responsible for all legal costs incurred in connection with this transaction.

ENERGY PERFORMANCE
EPC rating is: TO FOLLOW SHORTLY The certificate is available upon request.

DISCLAIMER
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Lessee or Buyer to ensure that they are in working order. Any areas, measurements and distances given are approximate only. VIEWING: STRICTLY BY APPOINTMENT ONLY To arrange an appointment to view this property contact our Seaham branch on 0191 5816652. Opening Hours Monday to Friday 9.00am - 5.30pm Saturday 9.00am - 2.00pm STAND OUT FROM THE CROWD ! If you are thinking of selling or currently have your property on the market with another Estate Agent and feel you are not receiving the results they promised, we would be delighted to hear from you. One of our expert valuers will carry out a free no obligation valuation of your property and give you specialist marketing advice. DON‘T JUST TAKE OUR WORD FOR IT... "Carol and I would like to thank you all for your very professional and efficient service during the sale of our property. Your recommendations were most realistic and clearly stated, jargon free and to the point. We both felt very comfortable dealing with you all and felt quite certain that you knew your business, area and clientele well. Each time we visited the Office we were sure of a warm and courteous welcome. We would have no hesitation in recommending you to family and friends. Thank you once again." Mr and Mrs Ayre, Seaham

IMPORTANT NOTE
The premises are offered subject to contract, availability and confirmation of details. The particulars do not form part of any contract and whilst believed to be correct, no responsibility can be accepted for any inaccuracies or errors. No other statements contained in the particulars are to be relied upon as a statement of fact and are a general outline only for the guidance of intending purchasers or tenants, and should be verified by you on inspection or by your solicitor as to the correctness of these statements. The photographs show only parts of the property as they appeared at the time taken. You should not rely on statements by Jonathon Lewis Ltd in the particulars or by word of mouth or in writing as being factually accurate about the property/business, its condition or its value. The vendor(s) or lessor(s) do not make or give Jonathon Lewis Ltd (nor their joint agents) nor any person in their employment any authority to make or give any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rentals quoted are exclusive of Value Added Tax to which they may be subject.

Property Features :

• 526 sq ft (48 sq m)
• Rare To The Market - Fantastic Freehold Property Investmant
• Operating As A Fast Food Takeaway
• Very Desirable Well Maintained Property With A UPVC Shop Front And Electric Roller Shutters
• Currently Let With A 20 Year FRI Lease In Place at £14,300 Per Annum, Yielding Around 8.6%