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No longer on the market

This property is no longer on the market

EPC

Property

Under offer
Property
3,024 sq ft / 281 sq m
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Portfolio of 4x commercial units
  • Excellent investment opportunity
  • 1x takeaway, 2x shops, 1x offices
  • 1x shop let for £7,800 per annum
  • Fantastic city centre location
  • Freehold title
FOR SALE BY AUCTION: Online Auction until 22/12/20 15:50 Terms and conditions apply.

We are pleased to offer to auction this city centre portfolio, excellently located along Derwent Street, Sunderland City Centre. The portfolio comprises of 3x ground floor units including a hot food takeaway, a barber shop and a retail unit, plus office space above to the first and second floors. Currently, the barber shop is let for £7,800 per annum.

Rooms

Location
The subject property is well located along Derwent Street, Sunderland. The property is well located with Sunderland City Centre with easy access to all local amenities and transport links. Park Lane metro and bus station being a 5 minutes walk. The subject property is 14 miles south east of Newcastle upon Tyne and 30 miles north of Middlesbrough.

Accommodation
20 (hot food takeaway): Main sales area - 8.7m x 4.8m Kitchen - 2.3m x 1.9m W.C. Store - 7.1m x 4.2m NIA - 68.1sqm (733sqft) 20a (upper floor offices): Office - 3.1m x 2.5m Staff room - 3m x 2.5m Office - 4.7m x 2.5m Office - 2.6m x 4.8m Office - 3.4m x 2.5m Office - 3m x 1.8m Office - 4.1m x 4.3m Kitchen - 4m x 3.9m W.C. W.C. NIA - 83.8sqm (902sqft) 21 (barber shop): Main sales area - 67.82m (730sqft) W.C. Store NIA - 64.5sqm (694sqft) 21a (retail unit): Retail area - 9.3m x 3.8m W.C. W.C. Kitchen - 4.7m x 3.7m Store - 1.5m x 3.5m NIA - 64.5sqm (694sqft)

Rateable Value
The adopted rateable values are as follows, as of 1st April 2017: 20 - £5,900 20a - £4,550 21 - £6,100 21a - £6,100 Sourced from VOA.

Lease Details
We are advised No. 21 is tenanted on a 3 year commencing July 2019. The property is let at £7,800 per annum.

Tenure
Freehold. Title number DU45332.

EPC
Available upon request (rating G and D).

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About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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