Property
10 St Lukes Terrace, Pallion, Sunderland, SR4 6NQ
The property comprises a single storey building with front sales area and storage to the rear.
LOCATION
Pallion lies approximately 3 miles west of Sunderland city. St Luke’s Terrace is a busy suburban retail parade popular with national retailers including Greggs, Heron, William Hill and Subway.
ACCOMMODATION
The property briefly comprises:
Ground floor Internal Width – 4.85 m increasing to 5.05 m
Sales Depth – 11.18 m
Sales Area – 592 sq ft 55 sq m
Staff / Storage 252 sq ft 23 sq m
Total 844 sq ft 78 sq m
TERMS
The property is available to let on full repairing and insuring terms for a term of years to be agreed at an annual rent of £12,000 per annum.
RATING ASSESSMENT
The rating assessment currently appearing on the 2017 Valuation List is as follows: –
Description: £10,750
The rating assessment currently appearing on the 2023 Valuation List is as follows: –
Description: £12,250
The Small Business rate for the year 2022/2023 is 49.9 pence in the pound
Due to the Rateable Value being beneath £12,000 we understand that small business relief may be available. All interested parties are urged to make their own enquiries in this regard.
LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.
EPC
The property has an energy performance certificate rating of E(121).
VAT
We are advised that VAT is not applicable.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.
