St. Lukes Terrace, Sunderland, Tyne and Wear, SR4 6NQ
£39.81 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,507 sq ft
140 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops and A2 Financial and Professional Services
A1, A2
Key features
- Ground floor retail unit
- Upstairs Studio Apartment
- Vacant possession
- Prime location
Description
Mixed-Use Property for Sale in Sunderland.
Pattinson estate agents are delighted to bring to auction a remarkable mixed-use property located in the bustling St Lukes Terrace retail street, situated in the popular Pallion area of Sunderland. This opportunity presents a ground floor commercial unit along with an additional studio apartment upstairs, both offered as vacant possession.
The dual nature of the property offers significant investment potential. The commercial unit’s flexible layout and prime location are attractive to entrepreneurs and businesses, while the studio apartment can provide a steady rental income. This combination makes the property a prudent choice for investors looking to diversify their portfolio.
For those interested in this unique property, secure online bidding is available with specific terms and conditions that apply
This is a rare opportunity to acquire a versatile mixed-use property in one of Sunderland’s most dynamic areas. Don’t miss out on the chance to make a valuable addition to your investment portfolio or to find the perfect space for your business and living needs.
Location
The property is strategically positioned on St Lukes Terrace, a thriving retail street that enjoys high foot traffic and visibility. The Pallion area is renowned for its vibrant community and robust commercial activity, making this an ideal location for business operations. Proximity to other shops, amenities, and transport links further enhances its appeal.
Accommodation
Commercial Unit:
This ground floor commercial unit has historically served the community as an opticians. It boasts a highly adaptable internal layout, capable of being reconfigured to accommodate a variety of business needs. Whether it's retail, office space, or another commercial venture, the generous size of the unit ensures ample space to fulfil your requirements.
Studio Apartment:
Accessible via a separate entrance at the rear of the property, the upstairs studio apartment is entirely self-contained. While it may benefit from some modernization, it presents a versatile opportunity either to live in or to generate additional income. This space could be perfect for a first-time home buyer, a professional seeking a convenient living arrangement close to work, or as a rental property.
Tenure
Freehold. Title number DU18194.
Council Tax
Band A.
Rateable Value
The current rateable value is £8,400 (1 April 2023 to present).
Sourced from VOA.
EPC
We are currently awaiting a copy of the energy performance certificate.
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.
Brochures
St. Lukes Terrace, Sunderland, Tyne and Wear, SR4 6NQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Pallion Metro Station0.2 miles
- Millfield Metro Station0.4 miles
- University Metro Station0.8 miles
Notes
Disclaimer - Property reference 478273. 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 Pattinsons, Pattinsons Commercial North East. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinsons, Pattinsons Commercial North East on 0191 743 9260.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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