Property photos
Just added
Guide price
£150,000
Office for sale
Frederick Street, Sunderland SR1Local area information
Property location
Nearby amenities
- Sunderland 0.1 miles
- Hudson Road Primary School 0.2 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
- Current income 22,400 pa
- 2 car parking spaces to rear
- Residential apartment on upper floors
- Commercial tenant over 2 floors (2 leases)
- City centre investment property
Summary
Presenting an exceptional commercial sale opportunity located in the bustling city of Sunderland. This property comprises well-situated offices on the lower levels, currently generating an impressive annual income of 22,400 pa.
An attractive attribute of this property is the ample amount of parking available. Included with the site are 2 highly convenient rear car parking spaces. This additional facility enhances the desirability of the office location for potential tenants, providing them with ease of access and an added level of convenience.
Adding to the investment allure of this property are the residential apartments situated on the upper floors. These flats provide an additional source of income and contribute to the potential for a diverse income stream.
The unique combination of commercial and residential spaces is truly what sets this property apart. Ideally positioned in Sunderland, this property promises substantial returns on investment given its dual-purpose usage. An unmissable venture for those seeking to expand their commercial portfolio.
In summary, this unique, income-generating property delivers on all fronts, offering a combination of commercial office space, residential accommodation, and convenient on-site parking. Don't delay - explore the potential of this Sunderland gem today.
Location
Ideally positioned in Sunderland, this property promises substantial returns on investment given its dual-purpose usage. An unmissable venture for those seeking to expand their commercial portfolio.
Accommodation
This property comprises well-situated offices on the lower levels, currently generating an impressive annual income of 22,400 pa.
An attractive attribute of this property is the ample amount of parking available. Included with the site are 2 highly convenient rear car parking spaces. This additional facility enhances the desirability of the office location for potential tenants, providing them with ease of access and an added level of convenience.
Tenure
Freehold - TY303183
EPC
Rating D
Additional Information
For further information please contact our office directy on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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.
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 equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
Presenting an exceptional commercial sale opportunity located in the bustling city of Sunderland. This property comprises well-situated offices on the lower levels, currently generating an impressive annual income of 22,400 pa.
An attractive attribute of this property is the ample amount of parking available. Included with the site are 2 highly convenient rear car parking spaces. This additional facility enhances the desirability of the office location for potential tenants, providing them with ease of access and an added level of convenience.
Adding to the investment allure of this property are the residential apartments situated on the upper floors. These flats provide an additional source of income and contribute to the potential for a diverse income stream.
The unique combination of commercial and residential spaces is truly what sets this property apart. Ideally positioned in Sunderland, this property promises substantial returns on investment given its dual-purpose usage. An unmissable venture for those seeking to expand their commercial portfolio.
In summary, this unique, income-generating property delivers on all fronts, offering a combination of commercial office space, residential accommodation, and convenient on-site parking. Don't delay - explore the potential of this Sunderland gem today.
Location
Ideally positioned in Sunderland, this property promises substantial returns on investment given its dual-purpose usage. An unmissable venture for those seeking to expand their commercial portfolio.
Accommodation
This property comprises well-situated offices on the lower levels, currently generating an impressive annual income of 22,400 pa.
An attractive attribute of this property is the ample amount of parking available. Included with the site are 2 highly convenient rear car parking spaces. This additional facility enhances the desirability of the office location for potential tenants, providing them with ease of access and an added level of convenience.
Tenure
Freehold - TY303183
EPC
Rating D
Additional Information
For further information please contact our office directy on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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.
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 equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
More information
Listed by
Pattinson - Commercial
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