Property
35 Chiswick Square, Hylton Castle, Sunderland, SR5 3PZ
The subject property provides ground floor accommodation last used as a shop. The property has the benefit of a sales area with WC, staff area.
LOCATION
Located to the west of Sunderland in an area known locally as Hylton Castle.
The property is part of a local neighbourhood parade on Chiswick Square within a densely populated residential location.
Neighbouring occupiers include Greggs, Costcutter, William Hill, Co-op, amongst other local occupiers including barbers, funeral directors, bakers and a pharmacy
ACCOMMODATION
The property has the below approximate net internal area:
| Sales | 50.32 sq m | 541.63 sq ft |
| Post Office | 9.44 sq m | 101.61 sq ft |
| Storage | 11.92 sq m | 128.30 sq ft |
| Office | 3.14 sq m | 33.79 sq ft |
| Store | 2.85 sq m | 30.67 sq ft |
| Total | 77.66 sq m | 835.92 sq ft |
TERMS
The premises are available by way of a new effectively full repairing and insuring lease via service charge at a rent of £14,000 per annum (exclusive). All other terms are to be agreed by negotiation.
RATING ASSESSMENT
The rating assessment currently appearing on the 2017 Valuation List is as follows: –
Shop and premises: £4,850
The rating assessment for the future appearing on the 2023 Valuation List is as follows:
Shop and premises: £8,100
The Small Business rate multiplier for the year 2022/2023 is 49.9 pence in the pound.
LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.
EPC
The property has an energy performance certificate rating of C(72).
VAT
We are advised that the property is not elected for VAT
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.
