Property for sale

John Street, Sunderland SR1

This attractive two storey mid terrace property presents an excellent investment opportunity in the heart of the city centre, offering a sought-after mixed use configuration that is currently fully tenanted. The property is arranged over basement, ground, and first floor levels, providing both commercial and residential accommodation, and generating a strong current rental income of £2,150 per calendar month (equivalent to £25,800 per annum). The basement level is dedicated to office accommodation, providing a versatile and functional workspace that benefits from its own separate access, making it ideal for a variety of business uses. The ground and first floors comprise spacious and well-appointed residential accommodation, currently let and providing a steady and reliable income stream. The layout is designed to maximise both comfort and practicality, with the residential elements enjoying their own independent access, ensuring privacy and convenience for occupants. The property’s central location places it within easy reach of a wide range of amenities, transport links, and city attractions, making it particularly appealing to both commercial and residential tenants. The mixed use nature of the property offers flexibility for investors, allowing for continued use as an income-producing asset or for potential adaptation to suit future requirements (subject to any necessary consents). The current tenancies provide immediate returns, while the excellent city centre position underpins long-term capital growth prospects. The property has been well maintained by the current owner, with both the office and residential accommodation presented in good condition throughout. This is a rare opportunity to acquire a fully let, mixed use investment in a prime city centre location, offering a blend of commercial and residential income streams and the security of established tenancies. Investors will appreciate the strong rental yield, the potential for future rental growth, and the flexibility afforded by the property’s configuration and location. In summary, this mid terrace property represents a compelling proposition for investors seeking a well-located, income-producing asset with both immediate and future potential. Early viewing is highly recommended to fully appreciate the quality, versatility, and investment credentials of this appealing city centre property.