Shop for sale

Windsor Terrace, Grangetown, Sunderland

Offers in Region of £105,000

Property Description

Key features

  • INVESTMENT PROPERTY
  • RETAIL SHOP PREMISES TO GROUND FLOOR
  • 2 BED FLAT TO FIRST FLOOR
  • EPC RATING E
  • BOTH WITH VACANT POSSESSION
  • COMBINED RENTAL INCOME POTENTIAL OF £10,000 PER ANNUM.

Full description

INVESTMENT OPPORTUNITY IN BUSY PARADE OF SHOPS LOCATED WITHIN GRANGETOWN SHOPPING CENTRE APPROX 3 MILES SOUTH OF SUNDERLAND CITY CENTRE WITHIN AN AREA (SR2) OF HIGH POPULATION DENSITY. Comprising ground floor retail shop and first floor 2 bedroom flat which will both be made available with vacant possession on completion. We estimate a reasonable rental return of approximately £10,000 per annum could be achieved for the flat and shop if let separately. Each have their own individual access and are in reasonable rental condition (the flat currently has tenants which will be vacating shortly). The shop benefits from electric shutters and additional storage rooms to the rear.

EXTERNALLY 
The shop has frontage of approximately 12 foot 4 with uPVC single glazed window either side of a uPVC double-glazed door.

RECEPTION AREA 
Sales counter approximately. 10 feet long with open side access to sales/storage.

MAIN SHOP/ SALES AREA 
16' 6'' x 13' 0'' (5.03m x 3.96m)
Cream ceramic tile flooring, wall mounted electric heating, open plan door way to rear passage. Suspended ceiling with fluorescent lights built in to reflectors.

REAR PASSAGE 
Carpet flooring, door leading off to office, door leading off to WC and door leading off rear storage room. Wall mounted alarm.

OFFICE 
7' 7'' x 5' 3'' (2.31m x 1.60m)
Carpet flooring, built in laminate work bench, suspended ceiling with electric lights.

WC 
7' 7'' x 4' 11'' (2.31m x 1.50m)
Ceramic tile flooring, white toilet with low level, white sink chrome taps, electric water heater over the sink. The walls are tiled to approx. half height. Extractor fan. Suspended ceiling with recessed fluorescent lights and reflectors.

REAR STORAGE AREA 
4 steps leading down. Built in cupboard with shelving.

REAR STORAGE ROOM 
13' 9'' x 7' 10'' (4.19m x 2.39m)
Plywood flooring, plaster walls and door leading off to secondary storage area.

SECONDARY STORE ROOM 
9' 8'' x 5' 7'' (2.94m x 1.70m)
Concrete flooring, door leading off to rear yard.

REAR YARD 
We have not had access to the rear yard but have been advised there is a further lock up faculty.

FIRST FLOOR FLAT 
Entrance door to side of the shop providing access to first floor 2 bedroom flat. Comprising 2 bedrooms, kitchen, bathroom, and lounge. The flat is currently tenanted and we are advised on purchase of the shop there will be vacant tenancy for the flat above. A flat of this type could be expected to generate a monthly rental income of approx. £425 a month.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Park Lane (1.2 mi)
  • Sunderland (1.5 mi)
  • University (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Good Life Estate Agents, Sunderland

46 Windsor Terrace, Ryhope Road, Grangetown, Sunderland, SR2 9QF

0191 687 0467 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

  • Park Lane (1.2 mi)
  • Sunderland (1.5 mi)
  • University (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Good Life Estate Agents, Sunderland

46 Windsor Terrace, Ryhope Road, Grangetown, Sunderland, SR2 9QF

0191 687 0467 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 6353161. 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 Good Life Estate Agents, Sunderland. 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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