Property photos
Offers in region of
£150,000
(£122.05/sq. ft)
Retail premises for sale
Frederick Street, Sunderland SR11,229 sq. ft
Local area information
Property location
Nearby amenities
- Sunderland 0.1 miles
- Hudson Road Primary School 0.3 miles
- St Anthony's Girls' Catholic Academy 0.6 miles
- Seaham 5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Sunderland to find out more about the local area.
Features and description
- Commercial and residential investment property
- City centre location in Sunniside Area
- Fully let and producing £15,346.08 pa
- With provision for fixed uplifts on retail element*
- Well presented throughout
- Arranged over 3 floors
Location
Situated within the heart of Sunniside quarter adjacent to Andrew Craig and is close to several firms of Surveyors, Estate Agents and Solicitors.
Description
The property is arranged as 2 separate units comprising ground floor hairdressing salon which has been extended to full site depth. There is also a residential apartment arranged over first and second floors with independent access from Frederick Street.
Accommodation
The property briefly comprises as follows:-
No.10 ft2 m2
Ground Floor
Salon and Premises 1229 32.42
No.10a (Residential Flat) ft2 m2
Arranged over 2 floors with self-contained access from Frederick Street
Tenure
We are advised the property if Freehold for the sale which is subject to the following tenancies:-
Ground Floor Shop (No.10)
Let to Steven Sanderson t/a Son of Sander hairdressing salon for a term of 4 years from 1st March 2024 at a stepped annual rental of £6,000, Year 1, £6,500 Year 2, £7,000 Year 3 and £7,200 Year 4 on an effective Fri basis with a Tenant option to break at the lease at expiry of the 2nd anniversary.
Residential Flat (No.10a)
Let on an Assured Shorthold Tenancy for a term of 12 months from 11th October 2024 at a rent of £778.84 pcm (£9,346.08 per annum).
Asking Price
Offers in the region of £150,000 (one hundred and fifty thousand pounds).
VAT
The property is not subject to VAT.
Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.
Viewing
Contact – Mario Jaconelli or Alexa Reavley
•
•
• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £7,100. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation. No.10a falls within Band A for Council Tax purposes.
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 C4279
EPC gf Rating 101/E
Residential Flat Rating 59/D
Situated within the heart of Sunniside quarter adjacent to Andrew Craig and is close to several firms of Surveyors, Estate Agents and Solicitors.
Description
The property is arranged as 2 separate units comprising ground floor hairdressing salon which has been extended to full site depth. There is also a residential apartment arranged over first and second floors with independent access from Frederick Street.
Accommodation
The property briefly comprises as follows:-
No.10 ft2 m2
Ground Floor
Salon and Premises 1229 32.42
No.10a (Residential Flat) ft2 m2
Arranged over 2 floors with self-contained access from Frederick Street
Tenure
We are advised the property if Freehold for the sale which is subject to the following tenancies:-
Ground Floor Shop (No.10)
Let to Steven Sanderson t/a Son of Sander hairdressing salon for a term of 4 years from 1st March 2024 at a stepped annual rental of £6,000, Year 1, £6,500 Year 2, £7,000 Year 3 and £7,200 Year 4 on an effective Fri basis with a Tenant option to break at the lease at expiry of the 2nd anniversary.
Residential Flat (No.10a)
Let on an Assured Shorthold Tenancy for a term of 12 months from 11th October 2024 at a rent of £778.84 pcm (£9,346.08 per annum).
Asking Price
Offers in the region of £150,000 (one hundred and fifty thousand pounds).
VAT
The property is not subject to VAT.
Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.
Viewing
Contact – Mario Jaconelli or Alexa Reavley
•
•
• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £7,100. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation. No.10a falls within Band A for Council Tax purposes.
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 C4279
EPC gf Rating 101/E
Residential Flat Rating 59/D
More information
Listed by
Lofthouse and Partners Ltd
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