MapRetail property (high street) for sale
Features and description
- Investment opportunity
A compelling investment opportunity presents itself with this premium ground floor retail property, strategically situated in Sunderland
The retail space available expands across a spacious floor area, benefiting from a contemporary shop front with bright, inviting display windows, offering optimum product visibility. The shop fit-out, characterised by well-lit interiors, high ceilings, and a seamless floor plan, provides the ideal backdrop for any type of retail business.
Comprising a substantial ground floor retail unit, the property also boasts rear storage facilities, a secure stock room, and staff amenities including a kitchenette and toilet facilities. The property has been excellently maintained, ensuring an ease of business transition for further retail tenants.
Further bolstered by good transport links, and the strong socioeconomic profile of Sunderland, this commercial sale property marks an advantageous addition for investors or business owners looking for high exposure.
The property is currently tenanted with a 5 year lease from 2025 generating an income of £14000 per annum.
Do not miss this great opportunity to acquire a prime retail space in Sunderland’s shopping district. Please contact us at Pattinson Estate Agents for more information and to arrange a viewing.
Rooms
Location
The subject property is located along North Bridge Street, connecting Sunderland across the River Wear. It is just down the road from the Stadium of Light, approximately 0.4 miles. It is approximately 0.6 miles away from the Sunderland city centre.
EPC
Both available upon request (ratings C).
Tenure
2x long leasehold titles of 250 years from 20 April 2016. Title numbers TY537008 and TY537009.
The seller's solicitor has recommended that the buyer should review the legal pack before placing an offer, in particular in relation to the service charges and any anticipated service costs.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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.
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 equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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