Retail premises for sale in Stockton Road, Sunderland SR1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Location
The subject property is situated in Sunderland City Centre, in the ever-popular Park Lane area. The property benefits from good passing trade, due to the close proximity to Sunderland Interchange and Park Lane Metro Station being moments away. The premises occupies a prominent corner location, with various retailers located nearby serving the local neighbourhood catchment area.
Description
The investment is situated on a corner terrace parade between Olive Street and Stockton Road. Arranged as three ground floor retail units with a 6-bedroom HMO above. All retail units and flats are fully let generating an income of £45,000 with the potential to increase this further.
Tenant information
The property is multi let as follows;
29 Olive Street, Sunderland, Tyne & Wear, SR1 3PE
Commercial Ground Floor Retail Unit (55.4 Sq.m), currently tenanted
£14,000 Per Annum
14 Stockton Road, Sunderland, Tyne & Wear, Commercial Ground Floor Retail Unit (26.6 Sq.m)
£6,000 Per Annum
15 Stockton Road, Sunderland, Tyne & Wear, SR1 3NW
6-bedroom HMO, x2 reception rooms, x3 Shower Rooms (198 Sq.m)
£28,800 Per Annum
16 Stockton Road, Sunderland, Tyne & Wear, SR1 3NW
Commercial Ground Floor Retail Unit (28.6 sq.m)
Part of 29 Olive Street
17/18 Stockton Road, Sunderland, Tyne & Wear, SR1 3NW
Commercial Ground floor retail unit, kitchen and staff toilets (38.44 sq.m)
£6,000 per annum
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
Legal costs
Each party is to bear their own legal costs involved in the transaction.
Viewing
For general enquiries and viewing arrangements please contact Helen Wall or Richard Johnson.
Tel: Email:
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Bradley Hall, NE1 on +44 191 686 9796 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.