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SOLD STC

Olive Street, Sunderland

Key features

  • Size: 9202 sqft
  • Ideal investment opportunity
  • City Centre Location
  • 2023 RICS Valuation: £600,000
  • Great condition throughout
  • Massive Development Potential
  • Potential to convert into student / residential studios
  • Plus potential for additional studios through upward extension.

Description

This is an ideal opportunity for an investor or developer.
With a RICS valuation completed in July 2023 for £600,000, this has been priced for a quick
sale.
The ideal buyer will either rent this as full commercial, convert into mixed
residential-commercial tenure or convert into a student/ residential accommodation block.
All three options will generate huge annual cash-flow with strong demand from commercial
and residential tenants.
The property is conveniently located within Sunderland’s city centre and within a short walk
to the bus station, train station, University and hospital.
With £500 million being invested into redeveloping Sunderland’s city centre this property will
benefit from both strong capital appreciation and strong rental demand.
This property has been priced to sell to a smart investor who recognises value when they
see it.

Full Description - This is an ideal opportunity for an investor or developer.
With a RICS valuation completed in July 2023 for £600,000, this has been priced for a quick
sale.
The ideal buyer will either rent this as full commercial, convert into mixed
residential-commercial tenure or convert into a student/ residential accommodation block.
All three options will generate huge annual cash-flow with strong demand from commercial
and residential tenants.
The property is conveniently located within Sunderland’s city centre and within a short walk
to the bus station, train station, University and hospital.
With £500 million being invested into redeveloping Sunderland’s city centre this property will
benefit from both strong capital appreciation and strong rental demand.
This property has been priced to sell to a smart investor who recognises value when they
see it.
Video Tour Available
Physical and Virtual Tour Available too
EPC: C

Important Info - Please note that all sizes have been measured with an electronic measure tape and are approximations only. Under the terms of the Misdescription Act we are obliged to point out that none of these services have been tested by ourselves. We cannot vouch that any of the installations described in these particulars are in perfect working order. We present the details of this property in good faith and they were accurate at the time of which we inspected the property. Stuart Edwards for themselves and for the vendors or lessors of this property whose agents they are, give notice, that: (1) the particulars are produced in good faith, are set out as a general guide only, and do not constitute any part of a contract; (2) no person in the employment of Stuart Edwards has the authority to make or give any representation or warranty in relation to this property.

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Please note Stuart Edwards Estate Agents is the trading name for Bluepace Durham Ltd.

Brochures

Olive Street, Sunderland

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Olive Street, Sunderland

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Park Lane Metro Station0.2 miles
  • Sunderland Station0.3 miles
  • University Metro Station0.5 miles
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About the agent

Stuart Edwards, Durham

1-2 Blue Coat Buildings, Durham City, DH1 1RF

Stuart Edwards, Durham

One of Durham's Most Experienced Property Professionals

Stuart Edwards has been successfully selling and letting houses in Durham City since 1971. We pride ourselves in offering a professional service at a competitive price.

Our family run business is made up of friendly, professional people who have extensive experience of the housing market. We understand estate agencies come and go, but Stuart Edwards Estate Agents has consistently secured high levels of sales throughout a 40 y

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Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

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Disclaimer - Property reference 32815937. 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 Stuart Edwards, Durham. 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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