£99,950 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
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An opportunity to purchase a retail and residential investment with a ground floor shop with self contained residential accommodation above. Situated is a central Sunderland location. The property ...
An opportunity to purchase a retail and residential investment with a ground floor shop with self contained residential accommodation above. Situated is a central Sunderland location. The property is located in Chester Road opposite Sunderland Royal Hospital. A range of local and national retailers and public houses are found close by.
LOCATION
An opportunity to purchase a retail and residential investment with a ground floor shop with self contained residential accommodation above.Situated in a prominent position in Chester Road. Approximately half mile to the west of Sunderland City Centre. The shop is close to Sunderland Royal Hospital. There are a variety of local and national retailers on Chester Road. It is one of the best known shopping streets in Sunderland.
DESCRIPTION
The property comprises a mid terraced ground floor shop let as a barber with self contained two storey accommodation above.
The residential accommodation has been let out previously although is currently vacant.
The shop has been recently fitted out and is in good condition. The first and second floors are vacant and in need of updating.
ACCOMMODATION
The property comprises a mid terraced three storey property with a ground floor shop with a retail area with self contained residential accommodation at first and second floor level.
Accommodation
Ground floor shop
Sales 35 sqm
Kitchen
Toilet
First and Second Floor Flat
Entrance Hall
Kitchen 4.27m X 2.13m
Utility 1.90m X 2.90m
First Floor
Bedroom 1 4.15m X 2.13m
Bedroom 2 4.08m X 3.19m
Bedroom 3 3.01m X 2.11m
Bedroom 4 5.4m X 2.90m (max)
Second Floor
Bedroom 5 5.34m X 5.43 (max)
Features
Electric roller shutter to front elevation
Shared rear yard
TERMS
The property is for sale subject to the 3 year lease at a rent of £6000 per annum for the ground floor tenant.
The upper floors are vacant
OUTGOINGS
Rates
Shop
The current rateable value is £5,200
Rates Payable £2246 per annum
Under current business rates rules most occupiers are entitled to small business rates relief discount from these figures, with many occupiers paying no rates what so ever. Interested should contact Sunderland Council Business Rates Department
OTHER
EPC Shop rating to be confirmed
EPC Flat rating E
VIEWING
Accompanied
Sunderland
0.8 miles
St Peters
1.0 miles
Seaburn
2.0 miles
East Boldon
3.2 miles
Brockley Whins
4.7 miles
Current Council Tax: ASK AGENT
Council Tax Band: ASK AGENT
Local Authority: ASK AGENT
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