COMMERCIAL
The Old School, Simpson Street, Sunderland
Guide Price
£1,950,000
- PROPERTY TYPE
Mixed Use
- BEDROOMS
8
- BATHROOMS
8
- SIZE
8,880 sq ft
825 sq m
Key features
- Landmark Grade II listed former school with significant local heritage
- Freehold mixed use investment combining office and residential accommodation
- Eight individually designed loft apartments with retained period features
- Premium refurbished office space with impressive double height areas
- Income producing asset with flexible occupation and leaseback options
- Potential to convert the office accommodation into six further apartments, subject to consents
- Close to the approved Crown Works Film Studios development
- Near Riverside Sunderland, City Hall and major regeneration areas
Description
An outstanding opportunity awaits to acquire a truly landmark property, a magnificent Grade II listed former school, prominently situated on Simpson Street in the vibrant Tyne and Wear area. This freehold mixed-use investment presents a rare blend of historical grandeur and contemporary functionality, offering significant appeal to discerning investors.
The property currently comprises eight individually designed loft apartments, each meticulously crafted to retain and highlight the building's original period features, whilst incorporating modern comforts and luxurious finishes. These unique residential units provide a desirable living experience, appealing to a broad range of tenants seeking characterful accommodation.
Complementing the residential offering is a substantial premium refurbished office space. This impressive area boasts striking double-height ceilings, creating an airy and inspiring working environment. The flexible layout and high-quality finish make it suitable for a variety of businesses, ensuring strong commercial appeal.
This is an income-producing asset, offering immediate returns for investors. Furthermore, the property benefits from flexible occupation and potential leaseback options, providing various strategies for maximising its value. A significant upside potential lies in the possibility of converting the existing office accommodation into six additional apartments, subject to obtaining the necessary planning consents. This offers a clear pathway to further enhance the residential portfolio and increase rental yield.
The strategic location of this property is another key advantage. It is situated in close proximity to the recently approved Crown Works Film Studios development, a major project set to transform the local economy and bring significant investment to the area. Additionally, it is near Riverside Sunderland, City Hall, and other major regeneration zones, placing it at the heart of an exciting period of growth and development. This prime positioning ensures strong demand for both residential and commercial spaces, making it a sound long-term investment.
This unique offering combines historical significance with modern utility, providing a robust investment opportunity in a rapidly evolving urban landscape. The blend of residential and commercial income streams, coupled with the potential for further development, positions this property as a highly attractive proposition for investors seeking a substantial and versatile asset in a thriving UK region. Early viewing is highly recommended to fully appreciate the scale and potential of this exceptional property.
Brochures
Brochure 1The Old School, Simpson Street, Sunderland
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- St Peter's Tram Stop0.4 miles
- Millfield Metro Station0.5 miles
- University Metro Station0.6 miles
Notes
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