2 bedroom commercial development for sale

St. Lukes Terrace, Sunderland, Tyne And Wear, SR4

135 sq. m. | £150,000

Property Description

Commercial information

  • Business for sale
  • 1,453 sq ft (135 sq m)

Key features

  • REF: 12630A
  • FREEHOLD
  • DEVELOPMENT OPPORTUNITY

Full description

Tenure: Freehold

LOCATION
The property is situated in Pallion, a suburb within the historic City of Sunderland, Tyne and Wear.

This superb investment opportunity occupies a prime trading position on the main retail street, with a good mixture of local retail outlets, eateries, pubs, and city centre amenities ensuring heavy and constant footfall in the area, the business also backs onto a busy residential area. The property further benefits from free parking directly outside the shop.

The area has excellent public transport links with several metro stations in the vicinity. Sunderland is also served by several A roads providing easy access.

BUSINESS
Hilton Smythe welcomes to the market this Freehold investment opportunity.

The store has been occupied by a pet shop, but is now being offered as a development opportunity. The retail space could be retained as a pet store (our client would be willing to negotiate this option), or other retail outlet. However, we believe the property would be an ideal purchase for an investor.

Above the business is the potential to convert the space currently used for storage to a 1 or 2 bedroom living accommodation (subject to the correct permissions) with the potential to generate further income from letting or the whole property could be re-developed into flats. (subject to planning).

Early viewing substantial premise in a desirable location is highly recommended.
PREMISES
Mid parade premise 135sq m briefly comprising.

Retail shop with large window display.

Ground
Main entrance from the street into open plan retail premises. General shelving and display stands adorn the perimeter as well as centre displays throughout. The serving area is to the rear.

Through sliding doors to another substantial room.

To the rear is a store room and toilet.

Access to the first floor.

First
Currently used for storage only but would make a good sized 1 or 2 bedroom flat.

TENURE
We are advised Freehold.

HOURS
n/a

STAFF
n/a

FINANCIAL PROFILE
n/a


Nearest stations

  • Pallion (0.3 mi)
  • Millfield (0.3 mi)
  • University (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Pallion (0.3 mi)
  • Millfield (0.3 mi)
  • University (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 12630A. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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