No longer on the market
This property is no longer on the market
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Property
Key information
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
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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