2 bedroom commercial development for saleSt. Lukes Terrace, Sunderland, Tyne And Wear, SR4
135 sq. m.
- Business for sale
- 1,453 sq ft (135 sq m)
- REF: 12630A
- DEVELOPMENT OPPORTUNITY
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.
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.
Mid parade premise 135sq m briefly comprising.
Retail shop with large window display.
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.
Currently used for storage only but would make a good sized 1 or 2 bedroom flat.
We are advised Freehold.
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