RETAIL LEASE FOR SALE 31/33 S LUKES TERRACE, PALLION, SR4 6NQ

LOCATION Sunderland is located on the North East coast of , approximately 12 miles south east of and 13 miles north east of Durham City.

St Lukes Terrace is situated within a busy retail area approximately 2 miles from the heart of . The area is predominantly residential with the principal neighbourhood retail offer located along both sides of St Lukes Terrace.The location is well served by public transport facilities with regular bus services to the city centre and a Metro Station situated to the north of the street

The subject premises are located in the centre of RATES the street with on street parking directly outside. We are verbally advised the premises are assessed for Nearby retailers include Subway, Pizza Hut and rating purposes as follows: Greggs amongst others. Rateable Value £14,750.00

ACCOMMODATION Rates Payable 2015/16 £7,271.75

The unit provides the following approximate areas This information should be verified with the Local and dimensions: Rating Authority at , Tel: 0191 520 5554. Gross Frontage 18’ 10” 5.763m Internal Width 31’ 10” 9.708m ENERGY PERFORMANCE CERTIFICATE Shop Depth 63’ 11” 19.488 The Energy Performance Rating for this property is E Ground Floor NIA 1,854 sqft 172.24 sqm (109). TENURE LEGAL COSTS The property is available by way of an assignment Each party will be responsible for their own legal costs of an existing 15 year Effectively Full Repairing and st incurred in connection with this transaction. Insuring Lease from 31 July 2005, due to expire in July 2020. The current passing rent is £17,500pa VAT excl. All figures quoted in these terms are exclusive of any Alternatively the property is available on a sublease VAT that may be payable. for a shorter term. VIEWING PLANNING Strictly by prior appointment through sole agents: We understand the premises currently has an A1 Dan Turner (Retail) planning consent. Interested parties should DD: 0191 280 4237 make their own enquiries to Mob: 07760 165 077 Council Planning Department to satisfy themselves Email: [email protected] in respect to any planning matters. Ian Thurlbeck DD: 0191 280 4236 Mob: 07515 831 417 Email: [email protected] MAY 2015