£225,000

Retail premises for sale

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Sold STC

Guide price

£225,000

(£56.89/sq. ft)

Retail premises for sale

Athenaeum Street, Sunderland SR1

3,955 sq. ft

Local area information

Property location

Nearby amenities

  • Sunderland 0.1 miles
  • Hudson Road Primary School 0.3 miles
  • St Anthony's Girls' Catholic Academy 0.6 miles
  • Seaham 5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Sunderland to find out more about the local area.

Features and description

  • Two story office accommodation
  • Ground floor retail unit
  • Gf unit let for 17,500pa
  • Planning granted for 2no. Apartments
  • City centre location
  • Freehold title
Summary

*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.

More information

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  1. Zoopla
  2. Commercial for sale
  3. Tyne & Wear
  4. Sunderland
  5. Sunderland City Centre
  6. Athenaeum Street