Bay 3, Pallion Shipyard, Pallion New Road, Sunderland, SR4 6LL

£80,000 per annum

Sunderland is a coastal city situated in the North East of England at the mouth of the River Wear, approximately 12 miles south-east of Newcastle upon Tyne and 13 miles north-east of Durham.

The property is situated off Pallion New Road in what is an established and busy commercial area with excellent access to the region’s transport network.  The Queen Alexandra Bridge and the recently opened Northern Spire Bridge sit either side of Pallion Shipyard and both bridges link to Wessington Way which, in turn, links to the A19 approximately one mile to the west.  The property is a 5 minute walk to Pallion Metro Station which gives access to the wider Tyne & Wear area.

Occupiers at the estate are a combination of local and national operators and include GT Project Engineering, LV Shipping, Flogas Britain, Midland Steel Traders and Sunderland Council.

The property comprises a mid-terraced industrial unit on a multi-tenanted site.  The unit is of steel portal frame construction with a profile steel sheet clad roof, with 20% roof light provision and cladding to elevations.  There is a maximum clear working height in excess of 10m and there are two fully operational ten tonne cranes.  Office accommodation is located at the rear and arranged over ground floor.

The workshop will shortly benefit from a programme of works, to include new goods and personnel entrances, upgrading of the craneage facilities and the construction of internal walls to enable the unit to be fully self-contained.

Externally there are several shared parking areas across the site and extensive yard space which can be let separately by agreement.

  • self contained
  • office accommodation
  • Industrial Unit
  • Yard space available
  • Car Parking on site
  • Craneage facilities

LEASE TERMS

The unit is available to let on a new lease for a term of years to be agreed on full repairing and insuring terms.  Any lease offered will be outside of the security of tenure provisions of the Landlord and Tenant Act 1954 Part 2.

RENT

Bay 3 will be available to let immediately after the completion of upgrading works at a rent of £80,000 per annum, exclusive of business rates and all other outgoings.

RATES

We are informed that the property’s Rateable Value is:

Rateable Value (2017 List):              £39,000

Rates Payable 2018/19:                    £18,720

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