8 East St 658 sq ft Retail Property Sunderland SR6 7BX £50,000 (£75.99/sq ft)

The Business is for sale for £50,000 to include fittings and furniture and goodwill. The property is occupied under a FRI lease expiring in 2030. There is a break clause in favour of the tenant in 2028. The passing rent is £8100 per annum with a rent review in 2028. Accounts and a copy of the lease are available on request
The current rateable value is £6400 Rates payable £2764. Under current business rate rules most occupiers are entitled to a Small Business Rates relief discount from these figures, with many occupiers paying no rates whatsoever. Interested parties should check with South Tyneside Council Business Rates Department prior to purchase/lease commencement.