Derwent Street, Sunderland, SR1

An exceptional opportunity to acquire a substantial freehold investment in the heart of Sunderland City Centre, benefitting from full planning permission for the conversion of the upper floors into 7no. high quality single occupancy student studios, together with a rear first floor extension and external elevation improvements.

Situated within one of Sunderland's most established commercial and student locations, the property occupies a prominent position on Derwent Street, just a short walk from the University of Sunderland, Park Lane Transport Interchange, The Bridges Shopping Centre and the city's expanding retail and leisure quarter.

The approved scheme retains valuable income generating, ground floor commercial accommodation while creating purpose built student accommodation on the upper floors, offering investors the opportunity to develop a modern mixed-use asset in a location where student demand continues to grow.

Full planning consent granted (Application Ref: 25/02920/FUL)

The subject property benefits from excellent transport connectivity to neighbouring centres including Newcastle upon Tyne and Durham via the A690 and A19. The property is also located a short walking distance from the recently developed West Park Quarter, providing a significant residential catchment with further homes under construction.

The property comprises a ground floor retail unit, currently let as a children's play cafe. Further details of the lease available upon request.

Existing floorplate
Ground Floor
970 sq.ft (90.16 sq.m)

Proposed floorplate
First Floor
x5 studio apartments comprising open-plan bedroom, lounge, and kitchen, plus ensuite bathroom.

Proposed floorplate
Second Floor
x2 studio apartments comprising open-plan bedroom, lounge, and kitchen, plus ensuite bathroom.

Commercial EPC Rating: B
Residential EPC - TBC

Each party is to be responsible for their own legal costs incurred in the transaction.

All rents, premiums and purchase prices quoted are exclusive of VAT. All offers are to be made to Bradley Hall on this basis and, where silent, will be deemed net of VAT.

For all enquiries and viewing arrangements, please contact the Sunderland Commercial team on .