Frederick Street, City Centre, Sunderland

Situated on Frederick Street in Sunderland City Centre in an area known for its professional services and is predominantly occupied by a mix of solicitors, surveyors, estate agents and insurance brokers together with a number of niche retailers and office. In recent years this part of the city centre has been the subject of redevelopment and in particular has seen a number of similar properties reverting from office use back to residential for which they were originally constructed and the subject property would lend itself to a similar conversion, subject to planning.

Location - Situated on Frederick Street in Sunderland City Centre in an area known for its professional services and is predominantly occupied by a mix of solicitors, surveyors, estate agents and insurance brokers together with a number of niche retailers and office. In recent years this part of the city centre has been the subject of redevelopment and in particular has seen a number of similar properties reverting from office use back to residential for which they were originally constructed and the subject property would lend itself to a similar conversion, subject to planning.

Description - Comprises mid terraced building arranged over 4 floors having a ground floor, first floor, second floor and lower ground floor. To the rear is a yard providing off street parking for 4 cars accessed via an electric roller shutter. The upper floors are currently vacant and the lower ground floor is let to Nora’s Clothing Alterations who are a long established tenant.

Accommodation - The property briefly comprises as follows:-

Ground Floor 431 ft2 40.04m2
First Floor 464 ft2 43.06m2
Second Floor 270 ft2 25.08m2
Lower Ground Floor 495 ft2 46.05m2
TOTAL 1660 ft2 154.23m2

Tenure - We are advised the property is Freehold.

Asking Price - £130,000 (one hundred and thirty thousand pounds)

Tenancy Details - Lower Ground Floor
Let to Nora’s Clothing Alterations on lease from 1st April 2023 at a passing rent of £5,719.95 pa. The tenant has a 6 month rolling break clause.

Costs - Each party will be responsible for their own Legal Fees incurred in the transaction

Vat - Figures quoted exclude VAT where chargeabl

Money Laundering Regulations - In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer - None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Viewing - Strictly by appointment only through joint agents Michael Hodgson Chartered Surveyors & Estate Agents. Tel No.

or via Lofthouse & Partners -