Retail premises to let in Martin Terrace, Sunderland SR4

Location
Martin Terrace is a continuation of St Luke’s Terrace which is the main shopping area within Pallion serving a densely populated residential area. Nearby occupiers include Gregg’s, Domino Pizza, Coral and William Hill amongst others.

Description
The property comprises fully fitted gentleman’s barbers shop and is of single storey construction having been extended to the rear. The premises would suit a continuation of the current use or alternatively may suit a variety of retail or offices uses. There will be a restriction against a use conflicting with the adjacent tenant of 9a Martin Terrace. Interested parties will therefore be required to confirm their intended use before viewing. The tenant will not be permitted to operate under the trading name of the former tenant The Dapper Bear.

Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor ft m
Sales Area Internal Width 9’3” 2.82
Sales Depth 27’11” 8.50
Sales Area 258 23.97

Store 276 25.64

WC

Tenure
A new Lease is available at a rental of £550 per month (£6,600 per annum) for a term of years to be agreed on a Tenant Internal Repairing and basis plus insurance. The tenant is also responsible for the doors, shop front and roller shutters. Rent payable monthly in advance by standing order. A rental bond will also be required subject to status.

VAT

The rent is not subject to VAT.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction. A short business lease may be available allowing early access to the property subject to a fee of £350 plus VAT.
Viewing
Contact Alexa Reavley
•
• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £5,800. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation. Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification

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.

Ref EPC
C4241 Energy Rating 82/D