Retail premises for sale in Stockton Road, Sunderland SR1

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.

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