1-2 Percy Terrace

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Key Points

Summary

LARGE RETAIL PREMISES

Description

2-storey corner end terrace retail property (formerly the Co-operative food store) set beneath a pitched roof with a rear single storey extension set beneath a flat roof.

Internally, the property comprises retail, offices and stores to the ground floor and kitchen, WC, office and storage to the first floor.

Externally and to the rear, there is an enclosed yard with 2 small outbuildings.

Refurbishment required. Schedule of photos available on request.

Location

Penshaw is a town situated approximately 6 miles south west of Sunderland City Centre; 12 miles south east of Newcastle upon Tyne; and 11 miles north east of Durham City Centre.

Located within a built up residential area prominently positioned on the corner of Percy Terrace and adjacent to new Co-op food store.

There are regular bus services within reasonably easy walking distance. Road links are reasonable with the A19 and A1 within 2 (to west) and 3 (to east) miles respectively.

Terms

The property is available by way of a new Full Repairing and Insuring lease for a term to be agreed at a commencing rent of £12,000 per annum exclusive of VAT. The property is also available freehold with full vacant possession. The quoting price is £95,000 exclusive of VAT. Unconditional offers will only be considered.