No longer on the market
This property is no longer on the market
MapPub
Features and description
- Three Storey Property
- City Centre Location
- Former Drinking Establishment
- NIA 457 sq m (4,920 sq ft)
Prominent city centre corner position Suitable for a variety of alternative uses (STPP) Heavy footfall area Close to Sunderland College Front entrance leading through into the main bar which seats (16) and additional standing space as the most recent trade is aimed at the student and young persons circuit trade. There is an additional trading area with a pool table on a split level floor at the side of the premises. There is a DJ booth, jukebox, games machine and ladies, gents and disabled toilets. To the first floor there is a function room and 3 letting bedrooms and the second floor is currently unused. There is a beer cellar located to the ground floor with level street access and 2 further storage rooms and externally a rear service yard.
Rooms
Location
The subject property is well located along Olive Street. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 1 mile from Sunderland city centre and approximately 14.3 miles from Newcastle city centre.
Accommodation
The property comprises a ground floor pub with additional seating area at first floor and ancillary accommodation at second floor. Development potential to convert upper floors to 2 x HMO Flats or
4 x Residential Flats, subject to obtaining the necessary consents. The property provides the following accommodation and dimensions:
Ground Floor: Bar, Seating Area, Kitchen, 3 WCs
First Floor: Seating Area, 2 WCs
Second Floor: Ancillary
NIA approx 457 sq m (4,920 sq ft)
Tenure
Freehold. Title number TY382289
EPC
Available upon request (rating D).
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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