18 Market Square Sunderland

Location

Type LeisureRetail
Terms To LetTo Let - new lease
Tenure Leasehold
Size From 2926 sq ft to 7803 sq ft
Price £85,000 per annum for full unit
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Description

The premises are situated in Market Square Sunderland -directly opposite the Bridges Shopping Centre and adjacent to a pedestrian link through to Fawcett Street. The Tyne and
Wear Metro and Rail Stations are close at hand and the site is in proximity to a number of national retailers – with recentarrivals including Costa, KFC, & CEX. Other occupiers include
Bon Marche, Greggs, Subway, Nationwide and Caffé Nero.

The landlords are undertaking works to provide an extensive new full height glazed display window with a new entranceallowing significant natural light into the space and huge
impact onto the already busy Market Square.
The first floor sales accommodation, which oversails the unit occupied by CEX, will be reconfigured to provide double height space at the front of the unit with access via stairs and a lift at
the front of the property as shown on the plans on the brochure.
The premises provide an excellent opportunity for a retailer who can benefit from open-plan space with a very high visual impact as per the CGis shown.
The unit has the benefit of rear loading facilities.

Accommodation

The building comprises of a ground floor retail unit with additional sales and storage at first floor level. There is stair and lift access between the levels. Plans available on request.The following dimensions & floor areas are provided:

Internal width                                  Ground 8.15m widening to 10.2m  

Total depth                                             Ground  26.27m   

Ground floor sales                          271.8sqm (2,926sqft)

First floor Sales & stores             453.1sqm (4,877sqft)

Lease Terms & Rent

The property is available by way of a new effectively full repairing and insuring lease for a minimum term of 10 years at an initial rental of £85,000 per annum exclusive.

Service Charge

There is a current annual service charge payable of £3,200 .

Business Rates

The rates require re-assessment. 

Energy Performance

An energy performance certificate has been requested.

Legal Costs

Each party is to bear their own legal fees incurred in documenting a lease. The landlord reserves the right to

seek an undertaking for abortive costs should the tenant withdraw from the transaction once terms are agreed and solicitors are instructed.

VAT

All figures within these terms are exclusive of VAT where chargeable. All offers to be made are to be deemed to be net of VAT.