Office to let

Location
Quay West is an established business park constructed c.2007 located on the northern bank of the River Wear adjacent to the Queen Alexandra Bridge with immediate access to Sunderland city centre and the regional and national road networks via the adjacent Alexandra Avenue and Wessington Way (A1231) in turn linking up with the A19 and A1(M).

Description
Arranged over 2 well-presented gas centrally heated floors, comprising open plan offices (with meeting rooms) offered fully furnished with WC to each level.

The property is offered on a fully furnished basis, and we are advised benefit from dedicated leased line with 4G backup with 100Mbps circuit with 50Mbps upload and download available if required at an additional monthly cost. The current provider, Lucid Technologies can offer tenant support if required. Details on request.

Accommodation
ft2 m2

Ground floor

Offices 553 51.37

First floor

Offices 592 55.00

total 1145 106.37

Externally

4 allocated parking spaces numbered 176,177,108 and 109

Tenure
A new Lease is available at a commencing annual rental of £15,000 plus VAT for a term of years to be agreed on a tenant Fri basis subject to 3 yearly Rent Reviews. The lease will exclude the provisions of the Landlord and Tenant Act 1954.

Sale
A sale may be considered on a long leasehold basis subject to estate and ground rent provisions.

VAT

The property is elected for VAT.
Ground Rent Charge
We are advised the property is subject to a ground rent charge of £563.42 inclusive of VAT.

Service Charge
The property is subject to an annual service charge covering management fees, grounds and estate maintenance and landscaping etc. We understand the service charge for the current year is approximately £2,500 inclusive of VAT subject to annual review.

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

Viewing
Contact – Mario Jaconelli or Alexa Reavley
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• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Values are £5,700 (Ground Floor) and £5,700
(First Floor). The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation. Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification

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 C4248 EPC Energy Rating 58/C