Retail property (high street) to rent
Property description & features
LOCATION
The property is situated on the north side of the River Wear, approximately 1 mile north of Sunderland City centre, on North Hylton Road, approximately 2 miles east of its junction with the A19 spine road. Sunderland is located approximately 10 miles south-west of Newcastle upon Tyne.
The property is located at the junction of North Hylton Road and Yewtree Avenue in a densely populated area. It also adjoins a new residential development and there is an established industrial estate opposite.
Adjoining the property is a Spar convenience store which is planned to be extended soon.
DESCRIPTION
The property comprises a ground floor shop within a single storey building of brick construction under a flat roof. It benefits from level access at the front and electrically operated external roller shutter.
Internally, it comprises a retail area with LED lighting, concrete floor and plastered walls.
To the side of the property is a customer car park.
ACCOMMODATION
We have measured the property as providing the following:
retail area of 78.45 sq m (844 sq ft)
Rear Store 31.93 sq m (344 sq ft)
TERMS
The property is available to let for a term of years to be agreed, with provision for upward only rent reviews at the end of each 3rd year of the term.
The lease will be drawn on an internal repairing and insuring basis, with a service charge operating for the maintenance of the common parts including the external parts of the building and the car park.
The property is available to let at a rent of £12,000 per annum, exclusive of business rates and payable quarterly in advance.
OUTGOINGS
We understand the property is entered into the 2023 Rating List with a Rateable Value of £8,100.
Interested parties should make enquiries direct with the Local Authority to establish the current rates payable.
VAT
The property is registered for VAT and therefore VAT will be payable on the rent and service charge.
PLANNING
The property is suitable for a range of retail uses but may also be suitable for alternative uses, subject to all necessary consents including planning consent being obtained.
Planning consent was granted in April 2016 for use of the property as a hot food takeaway. It may be possible for the property to be used for this use again, however a further planning consent may be required.
The property is not suitable for use as a convenience store, or for the sale of alcohol.
VIEWING
Strictly by appointment with sole agent YoungsRPS (reference Paul Fairlamb).
Property information from this agent
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Property reference 100897010104. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Youngs RPS - Commercial.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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