High street retail property for sale in Chester Road, Millfield, Sunderland, Tyne and Wear, SR4 7EY, SR4

PROPERTY TYPE: Retail Property (high street)
SIZE: Ask agent

Key features

Commercial and residential premises
Desirable location
Huge potential
Residential tenant in Situ

Description

Mixed-Use Commercial and Residential Property for Auction – Millfield, Sunderland
Unique Opportunity: Shop, Workshop/Garage & Two-Bedroom Flat in a Prime Location
Introduction
Pattinson Estate Agents are delighted to present to auction this outstanding mixed-use property, combining both commercial and residential accommodation, situated in the highly sought-after Millfield area of Sunderland. This versatile premises offers an excellent opportunity for investors, business owners, or those seeking a live-work arrangement in a vibrant part of the city.
Prime Location
Ideally positioned for convenient access to a wealth of local amenities, shopping centres, and well-respected educational facilities, this property is perfectly placed for modern living and business needs. The area provides excellent connectivity to Sunderland City Centre and the wider North East region, thanks to comprehensive local transport links.
Millfield is situated on a very busy road within Sunderland, ensuring a high volume of passing traffic and substantial local footfall. The area has a strong reputation as a thriving hub for local businesses, making it a consistently popular location for both commercial and residential interests.
Property Overview
This property comprises a spacious ground floor shop, a rear kitchen area, and an extensive workshop/garage to the rear, providing exceptional flexibility for a range of business uses. The commercial space is offered with vacant possession, allowing the new owner to occupy or let as desired.
In addition to the commercial premises, the property also features an upper floor two-bedroom flat. This residential unit can be accessed either via the commercial premises or through its own private front door, ensuring privacy and independence for occupants.
Residential Flat Details
• Entrance hallway leading to the main staircase
• Kitchen, bathroom, and separate W/C accessible from the hallway
• Large landing on the upper level, providing access to the living room and two generously sized bedrooms
A notable highlight is the tenant in situ, who has been resident for over 19 years. The flat currently generates a rental income of £4,560 per annum, offering immediate income from day one of ownership.
Business Potential
The ground floor shop, complete with a rear kitchen and substantial workshop/garage, is available with vacant possession. This blank canvas offers fantastic potential for a wide range of business ventures, whether retail, service, or other commercial uses. The prominence of the location, combined with high traffic and footfall, ensures excellent visibility and strong prospects for business growth.
Summary
This mixed-use property in the heart of Millfield, Sunderland, represents a rare opportunity to acquire a substantial and flexible investment. With a reliable residential tenant already in place and vacant commercial premises ready for occupation or letting, this property is ideally suited to investors and owner-occupiers alike.
• Highly visible and accessible location in a popular business district
• Ground floor shop, kitchen, and large workshop/garage
• Self-contained two-bedroom flat with long-term tenant
• Immediate rental income and vacant commercial space
• Excellent transport links and proximity to city centre amenities
For further information or to arrange a viewing, please contact Pattinson Estate Agents today. Don’t miss out on this exceptional opportunity in one of Sunderland’s most vibrant areas.

Tenure

Freehold, title number TY11142

Rateable Value

The adopted rateable value is £4650 as of 1st April 2023. Sourced from VOA.

EPC

Commercial - We are currently waiting for a copy of the EPC. . Residential - We are currently waiting for a copy of the EPC.

Additional information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 7.2% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

Brochure

Energy Performance Certificates

EPC