The subject property is situated on Sea Road in Fulwell, Sunderland. A late 19th century brick built mid terrace property, the ground floor is currently operating as a hot food takeaway. The shop benefits from a prominent and spacious storefront, drawing in steady foot traffic from the lively street.
Above the retail unit lies a self-contained two bedroom apartment, comprising of a spacious lounge, kitchen, utility, two bedrooms and a family bathroom.
Sea Road is a thriving commercial street offering a wide variety of local businesses including retail shops, café and restaurants.
The property is situated near the A1081, a key arterial road that provides easy access to Sunderland city centre to the south as well as broader connections to surrounding areas. Seaburn Metro Station is within walking distance from the property and provides direct links to Sunderland city centre and the wider South Tyneside area.
EPC Rating 9 Sea Road- C-69
EPC Rating 9a Sea Road TBC
Available by way Freehold Title at a Guide Price of £375,000 (Three Hundred and Seventy Five Thousand Pounds) This equates to a net initial yield of 10.03%
All retail unit and flat is fully let generating an annual income of £39,000 PA.
Rates- Interested parties should confirm the current rating position with the Local Authority.
VAT- All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
Each party is responsible for their own legal costs.
In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
Tenure: Freehold | Council Tax: Band A | EPC Rating: Ground Floor Retail C-69 and First Floor Residential D64| Ultrafast broadband is available in this area | Unlimited mobile phone coverage|
