Commercial property for sale in Sunderland

*For sale via secure sale online bidding: terms and conditions apply.*  We are pleased to offer to auction this substantial corner plot comprising of end terraced single and two storey offices, occupied by LSL Property Services T/A Your Move Estate agency. 4a Athenaeum Street was open and trading at the time of inspection, utilised as an Estate Agency branch.  48-48a John Street was primarily vacant and appeared surplus to requirements. The office accommodation was granted planning for 'conversion of offices at first and second floors to form 2no. apartments' on 12/12/2023, offering an excellent city centre development into residential use. Location The property is situated on John Street at the corner of junction with Athenaeum Street in Sunderland city centre within the Tyne & Wear urban conurbation. The subject street is just east of Sunderland train station whilst the Bridges shopping centre and the main retail core are also west of the subject. University of Sunderland city campus is also just west of the subject, with Mowbray Park to the south. Sunniside was traditionally the professional district of Sunderland. Since significant redevelopment has commenced, there has been a shift of occupiers moving to Grade A offices at Keel Square meaning demand has reduced within this location. Accommodation The property comprises of two component parts being a single storey unit utilised as the customer facing estate agency branch. The second component comprises of an interconnecting two storey end terraced premises with accommodation over GF, FF and T fall attic accommodation. The size of the property is 367.56sqm (3,955sqft). Rateable Value The rateable values are as follows: 1 St&2nd Fs 48, Athenaeum Street is £9,100 and 4, Athenaeum Street is £6,700. Lease Details 4a Athanaeum is let on a 10 year term at £17,500 per annum. Tenure Freehold: Title number TY225507. EPC Available upon request (rating D). 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.

Commercial property for sale in Sunderland, England

Retail property (high street) for sale

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