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Residential Development for sale

Angel House, Sunderland

POA

Property Description

Key features

  • 10 Storey
  • Circa 48,500ft2
  • Former HMRC Offices
  • Redevelopment Area
  • 500m from City Centre
  • Student Village Locality
  • Empire Cinema
  • Frankie & Bennies
  • Travel Lodge
  • Grosvenor Casino

Full description

Potential Student Residential or PRS Development Opportunity
Desktop appraisal shows potential for 110 bedrooms plus additional ground floor mixed use scheme ideally suited to discount food retailer.

48,500 ft2, over 10 floors former HMRC regional offices.
180KVA available from its own substation.
current rental income circa £70,000 PA, comprising, £24,000 from telecoms mast and 2 further lettings producing circa £26 & 27,000 PA.
The building is serviced by 3 lifts comprising of 2 passenger lifts and 1 cargo lift.
basement and on site surface car parking available.
Situated on the fringe of Sunniside Regeneration area which forms part of the City's historic central business district.
Located 500 meters east of Sunderland City Center and having attracted Empire multiplex cinema, Frankie & Bennies, Nandos, Travel Lodge, Ten Pin Bowling and Grosvenor Casino.
Sunniside is rapidly self styling its self as the City's student village with numerous small private residential schemes under construction.


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