BHF 37 Blandford Street Sunderland Tyne and Wear SR1 3JH

  • BHF<br>37 Blandford Street<br>Sunderland<br>Tyne and Wear<br>SR1 3JH

BHF
37 Blandford Street
Sunderland
Tyne and Wear
SR1 3JH

Freehold Retail Investment

  • Entirely let to British Heart Foundation
  • 10 year lease renewal from July 2017 (subject to option)
  • Tenant in occupation for at least 16 years
  • Pedestrianised city centre location close to The Bridges Shopping Centre
  • Lot
    75
  • Auction
    18th October 2018
  • Rent
    £30,700 per Annum Exclusive
  • Status
    Sold
  • Price
    £305,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Octopus Bridging Loan
    To be confirmed
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Freehold Retail Investment

  • Entirely let to British Heart Foundation
  • 10 year lease renewal from July 2017 (subject to option)
  • Tenant in occupation for at least 16 years
  • Pedestrianised city centre location close to The Bridges Shopping Centre
  • Lot 75
  • Auction 18th October 2018
  • Rent £30,700 per Annum Exclusive
  • Status Sold
  • Price £305,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
13 miles south-east of Newcastle upon Tyne, 13 miles south-west of Durham
Roads
A1018, A1231, A19, A1(M)
Rail
Sunderland Railway Station
Air
Newcastle Airport
Situation

The property is prominently situated on the south side of the busy pedestrianised Blandford Street in the heart of the city centre, close to The Bridges Shopping Centre which houses occupiers including Debenhams, TK Maxx, H&M and Next. Other nearby occupiers include Betfred, Home Bargains, Peacocks and Yorkshire Bank.

Tenure

Freehold.

Location
Miles
13 miles south-east of Newcastle upon Tyne, 13 miles south-west of Durham
Roads
A1018, A1231, A19, A1(M)
Rail
Sunderland Railway Station
Air
Newcastle Airport
Situation

The property is prominently situated on the south side of the busy pedestrianised Blandford Street in the heart of the city centre, close to The Bridges Shopping Centre which houses occupiers including Debenhams, TK Maxx, H&M and Next. Other nearby occupiers include Betfred, Home Bargains, Peacocks and Yorkshire Bank.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation and first floor ancillary accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation and first floor ancillary accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
Ground
First		 Retail
Ancillary
110.6 sq m
48.4 sq m
(1,191 sq ft)
(521 sq ft)
 BRITISH HEART
FOUNDATION
(1)		 10 years from
01/7/2017 on a full
repairing and
insuring lease (2)		 £30,700 01/7/2022
(30/6/2027)
Total
159 sq m
(1,712 sq ft)
     £30,700  

(1) Founded in 1961, British Heart Foundation is a registered charity that funds over £100 million of research each year into all heart and circulatory diseases. They have over 500 charity shops and over 170 Furniture and Electrical stores on high streets throughout the UK (Source: www.bhf.org.uk 22/8/2018).
(2) The lease provides for a tenant option to determine on 01/07/2022.

Contacts

Seller's Solicitors
Switalskis Solicitors Cranbourne House, 36 Gracious Street
Knaresborough
North Yorkshire
HG5 8DS
Andrew Lawson 01423 869 977andrew.lawson@switalskis.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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