Chester Road, Sunderland

INVESTMENT FOR SALE. An opportunity to purchase a retail and residential investment, with a ground floor shop and 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. The property comprises a mid terraced ground floor shop let as a barber with self contained two storey accommodation above. The residential accommodation and 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.

Location
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 and 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 shop

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

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
Flat Council Tax band A

Shared rear yard

EPC Shop Rating to be confirmed

EPC Flat rating E

We understand that the property is freehold

Viewing: Strictly by appointment through this office