Restaurant for sale
Property description & features
- Tenure: Freehold
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)
15 Stockton Road, Sunderland, Tyne & Wear, SR1 3NW 6-bedroom HMO, x2 reception rooms, x3 Shower Rooms (198 Sq.m) £28800 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) £6000 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 Emma Owens.
[use Contact Agent Button]
[use Contact Agent Button]
Places of interest
See more properties like this:
*DISCLAIMER
Property reference SND230043. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Bradley Hall - Durham.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on June 14, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.