• Current rental income £12,000 per annum.
• Property extends to circa 1,300 sq.ft.
• 10 year lease expired February 2023.
• Main road location in developing area.
• Close to Stadium of Light.
• Long leasehold £100,000.
- Asking Price:
- £100,000
- Turnover:
- £144,000
- Net Profit:
- £144,000
Property Information
- Property:
-
Freehold
- Location:
-
The property is located on the main route which runs north out of Sunderland City centre across the iconic Monkwearmouth Bridge. The area is undergoing significant investment and following the construction of the Stadium of Light, a large TESCO superstore has been built, the main road junction and traffic flow has been significantly improved and a new Hilton hotel has recently opened.
The unit forms part of a parade of shops which occupy the ground floor of a large student accommodation block operated by Fortis.
- Premises Details:
-
Comprising a ground floor retail unit forming part of a large accommodation block.
Accommodation;
Ground Floor
Main Shop 119.8m² (1,290 sq.ft.)
Staff ToiletOccupational Lease
The property is occupied by Mr. D. Sobolewski holding over by way of a 10 year FRI lease from February 2013. The rent is £12,000 per annum and is payable monthly in advance. The tenant has paid a 3 months bond and is in discussions with the landlord regarding an open ended term with a rolling 6 months tenant’s break clause
- Energy Performance Rating:
- B View EPC Graph for this property
