Property

Under Offer
Retail

Unit 2/3 Arndale House, Victoria Road, Concord, Washington, NE37 2SW

The property comprises a large double fronted unit with the benefit of electric roller shutters. Internally the ground floor comprises open retail space with ancillary offices, kitchen, WC facilities with showers the rear. To the first floor there are a number of office rooms as well as additional WCs.  The property may suitable to be split back into two units subject to demand.

LOCATION

Washington is situated 6 miles west of Sunderland City Centre and 10 miles south if Newcastle. Washington benefits from a good road network in close proximity to the A1(M) and A19. Washington has an urban population of 53,388 persons and a district population of 280,807 persons.

The property is situated in the popular and well established residential district of Concord in a prime position within Arndale House which provides the primary retail focus for the immediate area. Tenants within the parade include Greggs, Heron Frozen Foods, Savers, Boots and Dicksons.

ACCOMODATION

Area (m2)Area (ft2)
Ground Floor Sales180.63 m21944 ft2
Ground Floor Office92.48 m2995 ft2
Ground Ancillary26.89 m2289 ft2
First Floor Office / Ancillary107.60 m21158 ft2
First Floor Ancillary8.78 m295 ft2
ITZA 1054 ITZA

TERMS

The whole premises is available by way of a new effectively full repairing and insuring lease at a rent of £28,000 per annum (exclusive). All other terms are to be agreed by negotiation. The property may be available to let in part, details of which are available upon application.

RATING ASSESSMENT 

The rating assessment currently appearing on the 2017 Valuation List is as follows: –

Shop & Premises:                £28,000

The Small Business rate for the year 2021/2022 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 E103

VAT

All figures quoted are exclusive of VAT where chargeable.

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.

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