Commercial property for sale in Sunderland

*For sale via secure sale online bidding: terms and conditions apply.*  Mixed-Use Property for Sale in Sunderland.  Pattinson estate agents are delighted to bring to auction a remarkable mixed-use property located in the bustling St Lukes Terrace retail street, situated in the popular Pallion area of Sunderland. This opportunity presents a ground floor commercial unit along with an additional studio apartment upstairs, both offered as vacant possession.  The dual nature of the property offers significant investment potential. The commercial unit’s flexible layout and prime location are attractive to entrepreneurs and businesses, while the studio apartment can provide a steady rental income. This combination makes the property a prudent choice for investors looking to diversify their portfolio.  For those interested in this unique property, secure online bidding is available with specific terms and conditions that apply  This is a rare opportunity to acquire a versatile mixed-use property in one of Sunderland’s most dynamic areas. Don’t miss out on the chance to make a valuable addition to your investment portfolio or to find the perfect space for your business and living needs. Location The property is strategically positioned on St Lukes Terrace, a thriving retail street that enjoys high foot traffic and visibility. The Pallion area is renowned for its vibrant community and robust commercial activity, making this an ideal location for business operations. Proximity to other shops, amenities, and transport links further enhances its appeal. Accommodation Commercial Unit:  This ground floor commercial unit has historically served the community as an opticians. It boasts a highly adaptable internal layout, capable of being reconfigured to accommodate a variety of business needs. Whether it's retail, office space, or another commercial venture, the generous size of the unit ensures ample space to fulfil your requirements.  Studio Apartment:  Accessible via a separate entrance at the rear of the property, the upstairs studio apartment is entirely self-contained. While it may benefit from some modernization, it presents a versatile opportunity either to live in or to generate additional income. This space could be perfect for a first-time home buyer, a professional seeking a convenient living arrangement close to work, or as a rental property. Tenure Freehold. Title number DU18194. Council Tax Band A. Rateable Value The current rateable value is £8,400 (1 April 2023 to present).  Sourced from VOA. EPC We are currently awaiting a copy of the energy performance certificate. Additional Information For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest. 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 inquiry, bid or viewing of the subject property will require your details to be 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 by, 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 and 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 lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). 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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Commercial property for sale in Sunderland, England

Retail property (high street) for sale

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