Office for sale in West Sunniside, Sunderland SR1, £155,000

155,000.00

Offer Nr.:
65215949
Type of ad:
for Sale
Property type:
Office
Contact name:
Lofthouse and Partners Ltd
Phone(s):
0191 723 0021

* City Centre Office Building
* Overlooking Sunniside Park
* Gas centrally heated arranged over 4 floors
* Totalling 2067 ft2 (192 m2)
* With up to 6 car parking spaces
* Current rental income from car park £3, 900 pa*
Location
The property directly overlooks Sunniside Gardens which is centred around a
number of landmark developments including the award - winning Post Office
residential scheme, Maritime Buildings and 40 West Sunniside (adjacent). Also
in the vicinity are several professional occupiers including solicitors,
accountants, surveyors and estate agencies together with a mix of bars,
restaurants and niche retailers.
Description
The building is arranged over 4 floors having gas central heating to the
Ground, First and Second Floors. There is a private car park to the rear with
6 parking spaces.
Accommodation
The property briefly comprises as follows: -
ft2 m2
Ground Floor
2 offices totalling 589 54. 72
**WC**
Lower Ground Floor
Office (front) 319 29. 64
Filing Store (rear) 230 21. 37
First Floor
3 offices totalling 540 50. 17
**WC**
Second Floor
2 stores and kitchen totalling 383 35. 58
Externally
There is a private car park to the rear of the building with 6 car parking
spaces*
Tenure
We are advised the property is Freehold.
Tenancy Information
There are 6 car parking bays to the rear of the property which let as 3
separate tandem bays each of 2 spaces producing £1, 300. 08 i. e. £3, 900. 24 per
annum held on monthly licences.
Asking Price
Offers in the region of £155, 000 (one hundred and fifty - five thousand pounds).
Leasehold
Alternatively, a new Lease is available at a commencing annual rental of
£12, 750 for a term of years to be agreed (minimum 3 years) on an effective Fri
basis subject to 3 yearly Rent Reviews including 4 car parking spaces.
Costs
Each party will be responsible for their own Legal Fees incurred in the
transaction.
Viewing
Contact – Mario Jaconelli or Alexa Reavley


• VAT
The property is not registered for VAT.
Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £12, 250. The Uniform
Business Rate for the Rates Year 2023/2024 is 49. 9p. If necessary, a written
request should be made to the Local Authority for confirmation. Based upon
this assessment and subject to meeting certain criteria the tenant may be
eligible for 100% Business Rates relief. Please contact the non - domestic
rating department of the Local Authority for clarification
Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant
will be required to provide 2 forms of identification together with
confirmation of the source of funding.
Disclaimer
None of the equipment or systems within the premises have been tested by the
Agent and it is the responsibility of the Purchaser/Lessee to ensure that they
are in working order.
Ref EPC
C3853 Energy Rating 118/E

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