Property photos
Guide price
£90,000
(£59.72/sq. ft)
Retail premises for sale
St. Lukes Terrace, Sunderland SR41,507 sq. ft
Local area information
Property location
Nearby amenities
- Diamond Hall Junior Academy 0.2 miles
- Diamond Hall Infant Academy 0.2 miles
- Sunderland 1.3 miles
- Seaham 5.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Ground floor retail unit
- Upstairs Studio Apartment
- Vacant possession
- Prime location
Summary
*For sale via secure sale online bidding: Terms and conditions apply.*
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.
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 6% inc VAT (subject to a minimum of 6,000 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.
*For sale via secure sale online bidding: Terms and conditions apply.*
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.
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 6% inc VAT (subject to a minimum of 6,000 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.
More information
Listed by
Pattinson - Commercial
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