Property photos
Just added
Offers in region of
£400,000
(£26.24/sq. ft)
Light industrial for sale
Hadrian Street, Sunderland SR415,246 sq. ft
Local area information
Property location
Nearby amenities
- St Joseph's Roman Catholic Voluntary Aided Primary School, Sunderland 0.3 miles
- Diamond Hall Junior Academy 0.4 miles
- Sunderland 0.8 miles
- Seaham 5.5 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
- Income producing mixed investment
- Comprising workshops/offices & 2 residential units
- Current gross income £51,584 pa
- Historic rents with scope to increase
- 2 units vacant – potential to increase income
- Attractive gross yield 12.9%
Location
Hadrian Street is located Just off Hylton Road and accessed via Close Street, a well populated residential suburb approximately 1.7 miles west of Sunderland city centre. The site is immediately adjacent to the Metro line and close to St Marks Metro Station.
Description
The site comprises a number of single and 2 storey commercial (shaded green) and residential (blue) properties centred around a surfaced and secure yard.
Accommodation
The total site area of the land and buildings is circa 0.35 acres, and the main Workshop/Yard is accessed via Back Close Street. The 2 residential dwellings and 2 of the workshops are accessed via Hadrian Street.
Background Summary
The property has remained in the same ownership for a number of years and is offered for sale as an income producing investment subject to a number of longstanding agreements the majority of which are verbal with the exception of the 2 residential parts which are subject to Assured Shorthold Tenancies.
Tenure
The property is held Freehold under Title Number DU19287 and is to be sold subject to the tenancies outlined on Page 3.
Asking Price/VAT
Offers in the region of £400,000 (four hundred thousand pounds). We are advised the property is not subject to VAT.
Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.
Viewing
Strictly by prior appointment. The tenants should not be approached directly. Contact – Mario Jaconelli or Alexa Reavley
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• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £12,500. The Uniform Business Rate for the Rates Year 2025/2026 is 49.9p If necessary, a written request should be made to the Local Authority for confirmation. The residential properties known as numbers 9 & 9a Hadrian Street are assessed under Council Tax Band A.
Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.
Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.
Ref C4333 EPC Awaited
Hadrian Street is located Just off Hylton Road and accessed via Close Street, a well populated residential suburb approximately 1.7 miles west of Sunderland city centre. The site is immediately adjacent to the Metro line and close to St Marks Metro Station.
Description
The site comprises a number of single and 2 storey commercial (shaded green) and residential (blue) properties centred around a surfaced and secure yard.
Accommodation
The total site area of the land and buildings is circa 0.35 acres, and the main Workshop/Yard is accessed via Back Close Street. The 2 residential dwellings and 2 of the workshops are accessed via Hadrian Street.
Background Summary
The property has remained in the same ownership for a number of years and is offered for sale as an income producing investment subject to a number of longstanding agreements the majority of which are verbal with the exception of the 2 residential parts which are subject to Assured Shorthold Tenancies.
Tenure
The property is held Freehold under Title Number DU19287 and is to be sold subject to the tenancies outlined on Page 3.
Asking Price/VAT
Offers in the region of £400,000 (four hundred thousand pounds). We are advised the property is not subject to VAT.
Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.
Viewing
Strictly by prior appointment. The tenants should not be approached directly. Contact – Mario Jaconelli or Alexa Reavley
•
•
• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £12,500. The Uniform Business Rate for the Rates Year 2025/2026 is 49.9p If necessary, a written request should be made to the Local Authority for confirmation. The residential properties known as numbers 9 & 9a Hadrian Street are assessed under Council Tax Band A.
Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.
Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.
Ref C4333 EPC Awaited
More information
Listed by
Lofthouse and Partners Ltd
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