£130,000
(£78.31/sq. ft)
Office for saleFrederick Street, Sunderland SR1
1,660 sq. ft
About this property
City Centre office building – part occupied
Located within heart of Sunniside area
Totalling 1660 ft2 (154.23 m2)
Enclosed car park to rear for 4 vehicles
Lower ground floor currently let producing £5,719.95 pa
Upper Floors currently vacant
May suit conversion to residential STP
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:-
No.22 ft2 m2
Ground Floor 431 40.04
First Floor 464 43.06
Second Floor 270 25.08
Lower Ground Floor 495 46.05
total 1660 154.23
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.
Viewing
Contact – Marc Weaver or Alexa Reavley
•
•
• VAT
Figures quoted exclude VAT where chargeable.
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.
Ref
C4179
EPC
To follow.
Joint Agent
Michael Hodgson
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:-
No.22 ft2 m2
Ground Floor 431 40.04
First Floor 464 43.06
Second Floor 270 25.08
Lower Ground Floor 495 46.05
total 1660 154.23
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.
Viewing
Contact – Marc Weaver or Alexa Reavley
•
•
• VAT
Figures quoted exclude VAT where chargeable.
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.
Ref
C4179
EPC
To follow.
Joint Agent
Michael Hodgson
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