£55,000 pa

Office to let

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£55,000 pa

(£8.52/sq. ft. pa)

Office to let

Ferryboat Lane, Sunderland SR5

6,459 sq. ft

Available immediately

Local area information

Property location

Nearby amenities

  • Castletown Primary School 0.5 miles
  • Castle View Enterprise Academy 0.5 miles
  • Sunderland 3.1 miles
  • Heworth 4.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Detached modern office building
  • Arranged over 2 floors
  • Totalling 6,459 ft2 (600.06 m2)
  • 32 car parking spaces with 3 EV charging bays
  • Immediate access to A19
  • Fixed rent until September 2033
Location
The property is accessed from Ferryboat Lane and sits on the A19 to the north of Sunderland providing immediate links to the regional road networks via the A1M, Sunderland city centre via the A1231 and the Tyne Tunnel.

Description
The premises comprise detached modern office building arranged over 2 floors with 32 car parking spaces and 3 EV parking bays.

Accommodation
The property briefly comprises as follows:-
ft2 m2
Ground Floor Offices (NIA) 3190 296.36
First Floor Offices (NIA) 3269 303.7
Total 6459 600.06
Externally 32 parking spaces

Tenure
The property is available by way of an assignment of the current lease held for a term of 10 years from 1st October 2023 on Tenant Internal Repairing and Insuring terms subject to a schedule of condition. The lease contains tenant only options to break on 1st October 2026,2028, and 2031. The current rent of £55,000 per annum is not subject to review and is therefore fixed until expiry in September 2033.
VAT

Figures quoted exclude VAT where chargeable.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Mario Jaconelli or Alexa Reavley


• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Values are as follows:-
Ground Floor £27,250
First Floor £29,500
The Uniform Business Rate for the Rates Year 2025/2026 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

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 C4310 EPC Energy Rating 39/B

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Lofthouse and Partners Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Lofthouse and Partners Ltd for full details and further information.

  1. Zoopla
  2. Commercial to let
  3. Tyne & Wear
  4. Sunderland
  5. Ferryboat Lane