Retail property (high street) to rent

LOCATION
Located in a prominent position at the western end of the Sea Road shopping area opposite the Blue Bell public house. It is within easy reach of the sea front, Roker Park and the City centre with a range of retail occupiers in the immediate vicinity. The property is well served by local bus routes and is a short walk from Seaburn Metro Station which provides access to Newcastle and South Shields.

DESCRIPTION
The property comprises an attractive ground floor shop with a small retail area used and trading as a sweet shop. To the rear is a small kitchen and toilet area.
There is plain modern decor and a security roller shutter. It comprises Sales area 25.1 sq m (270 sq ft) ancillary/storage area and staff toilet, Available immediately. The property has traded as a sweet shop for many years and is fully fitted for that purpose, however additional DIY supplies together with Homeware goods.

ACCOMMODATION
Sales area 25.1 sq m 270 sq ft

Ancillary 4 sq m 46 sq ft

Rear Lobby and Staff Toilet
Area With Tank and Shelving

Suspended Ceiling
Electric Roller Shutter

TERMS
The property is occupied under a six-year lease from 2024. There is a break clause in 2027. The passing rent is £6,600 per annum

There is a £6,000 premium for stock at valuation, goodwill and fixtures and fittings.

OUTGOINGS
The current rateable value is £5300. Rates payable £2729. Under current business rate rules most occupiers are entitled to a Small Business Rates relief discount from these figures, with many occupiers paying no rates whatsoever. Interested parties should check with Sunderland Council Business Rates Department prior to lease commencement.

LEGAL COSTS
The incoming tenant will be responsible for our clients reasonable legal costs.

VIEWING
Viewing: by appointment through sole agents please ask for Stephen Jones