Commercial shop currently let and trading as vintage shabby chic upcycled furniture retailer

Not inspected by auction house and advised by the vendor the property comprises; 33 Market Street-Ground floor commercial property subject to an existing lease, however, we are verbally advised by the vendor that the tenant has agreed to a new full repair and insuring lease agreed for 5 year term at £100pw / £5200pa from 2021 which needs to formalised by the current tenant and the new owner following completion. Three rooms, kitchenette, wc, front & rear access, outside space. epc- no access has been provided. The seller will make an allowance on completion for the buyer to obtain an epc when they have access. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

See Legal Pack

Local Authority

Sunderland City Council

Additional Fees

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.