For Sale - Lofthouse and Partners

For Sale
Retail Premises
4/6 Maritime Terrace
Sunderland
SR1 3JT

Open plan retail unit with A1/A2 use

Close to Debenhams Department Store

Prominent corner position

Adj. to Poundstretcher, Store 21 and Greggs

Busy pedestrianised location

Income from ATM £5,000 pax*
4/6 Maritime Terrace, Sunderland, SR1 3JT
Location
Maritime Terrace links Blandford Street with Crowtree Road and
is a busy pedestrianised thoroughfare taking footfall to and from
Debenhams Department Store which anchors The Bridges
Shopping Centre. The premises are located at the prominent
junction of Maritime Terrace and Maritime Street and are shown
for indentation purposes on the attached Goad Plan. Nearby
occupiers include Store Twenty One, Gregg’s Poundstretcher
and Betfred amongst others.
As a new occupier rights of appeal may exist against the
assessment shown above.
For further information please
contact our Rating Department.
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
C3055
Description
The premises are arranged 2 floors proving open plan retail and
WC facilities on the ground floor with offices and staff
accommodation on the first floor. The property was formerly
occupied by Ladbrokes and therefore benefits from A2 planning
consent. A1 uses will therefore be considered under permitted
change of use.
Accommodation
The property briefly comprises as follows:-
Ground Floor
Sales
Max internal
Area
Width
Decreasing to
Max sales
Depth
Sales Area
WC’s
First Floor
Offices/Staff
WC’s
ft
39’2”
m
11.94
38’1”
37’5”
11.61
11.41
ft2
m2
1428
132.66
1778
165.18
Amended
March 2015
EPC
Energy Rating C
Agents Notes
The property benefits from income from an ATM cash machine
which is let to Lloyds Bank for a term of 5 years from September
2014 (pending completion). The rent is based upon an annual
rental of £5,000 plus and agreed uplift of 10p per transaction
over a threshold of 150,000 successful transactions per annum.
Based upon historic transactions we estimate the ATM could
produce and additional income of circa £2,400. Further details
are available on request.
The property is currently occupied by YMCA on licence which is
terminable on 1 months’ notice by either party.
Leasehold
Alternatively our client may give consideration to a new Lease on
terms to be agreed. Further details available on request.
Asking Price
Offers in the region of £425,000 (four hundred and twenty five
thousand pounds)
Viewing
Strictly by appointment with this office.
VAT
Figures quoted exclude VAT where chargeable.
Rateable Value
Following an enquiry on the Valuation Office website we have
ascertained that the Rateable Value is £65,000. However this
figure cannot be relied upon and if necessary a written request
should be made to the Local Authority for confirmation. The
Uniform Business Rate for the Rates Year 2015/2016 is 49.3p.
Lofthouse and Partners Limited trading as Lofthouse and Partners Registered in England 4328964 ® Registered office 51 Frederick Street, Sunderland, SR1 1NF.
LOFTHOUSE AND PARTNERS LIMITED (and their joint agents) for themselves and for the Vendor/Lessor of this property for whom they act give Notice that:
1.
2.
3.
4.
The information contained in these particulars is intended as a general outline only for the guidance of intending purchasers or tenants and neither Lofthouse and Partners
Limited (nor their joint agents) nor the Vendor/Lessor on whose behalf these particulars are provided accept any responsibility for any inaccuracies the particulars may
contain and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves by inspection or otherwise as to
their accuracy.
All floor areas and measurements are approximate.
These particulars do not form any part of any offer or contract. They contain in some instances statements of opinion or we have relied on information provided by others.
The information should be verified by you on inspection or by your solicitor.
Neither Lofthouse and Partners Limited (nor their joint agents) nor any of their employees has any authority, either orally or in writing to make or give or imply any
representations or warranty in relation to the property.
Unless otherwise stated, all prices and rents are quoted exclusive of VAT.
Sunderland
Experian Goad Plan Created: 24/03/2015
Created By: Lofthouse and Partners
50 metres
For more information on our products and services:
www.experian.co.uk/goad | goad.sales@uk.experian.com | 0845 601 6011
Copyright and confidentiality Experian, 2015. © Crown copyright and database rights 2015.
Ordnance Survey 100019885
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