Freehold Bank Investment
Freehold Bank Investment
The property is located in the heart of Sunderland City Centre in a prominent corner position on the south side of High Street West, close to the pedestrianised retail thoroughfare and its junction with Fawcett. Neighbouring occupiers include RBS Bank, BHS, McDonald’s and Marks & Spencer.
Freehold.
The property is located in the heart of Sunderland City Centre in a prominent corner position on the south side of High Street West, close to the pedestrianised retail thoroughfare and its junction with Fawcett. Neighbouring occupiers include RBS Bank, BHS, McDonald’s and Marks & Spencer.
Freehold.
The property comprises retail accommodation on the ground floor with ancillary accommodation on the first, second and third floors. The property benefits from a return frontage to Station Street.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises retail accommodation on the ground floor with ancillary accommodation on the first, second and third floors. The property benefits from a return frontage to Station Street.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First Second Basement |
Retail Ancillary Ancillary Ancillary |
106.80 sq m 84.30 sq m 31.80 sq m 103.60 sq m |
(1,150 sq ft) (907 sq ft) (342 sq ft) (1,115 sq ft) |
YORKSHIRE BUILDING SOCIETY (1) |
10 years from 24/06/2013 until 2023 (2) |
£31,650 (3) |
24/06/2018 |
| Totals | 326.50 sq m |
(3,514 sq ft) | £31,650 (3) | ||||
(1) For the year ending 2013 Yorkshire Building Society reported a total income of £543,400,000 and pre-tax profits of £199,300,000 (Source: www.ybs.co.uk 23/04/2014)
(2)The lease provides for a tenant option to determine on 24th June 2018 on giving six months notice.
(3) The lease provides for the tenant to pay a concessionary rent of £21,000 per annum exclusive until 24th June 2014 when it will increase to £31,650 per annum exclusive. The seller will pay the difference between £21,000 per annum exclusive and £31,650 per annum exclusive from the completion of the sale until 24th June 2014.
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