FOR SALE VIA ONLINE AUCTION: terms and conditions apply. Link to bid: auction.bradleyhall.co.uk/lot/details/172159
- Two storey mixed use investment property
- Retail unit to the ground floor
- Self-contained 1 bed apartment above
- Combined annual rental income of £16,800
- City-centre location adjacent to Park Lane Metro and bus interchange
- Scope for future improvement
This attractive mixed use investment property comprises a ground floor retail unit with a self-contained residential apartment above, both of which are currently let and generating a combined annual income of £16,800, offering an opportunity to acquire an established income-producing asset in Sunderland city centre.
The ground-floor commercial accommodation benefits from a street level retail frontage onto Derwent Street, providing visibility to passing pedestrians and vehicles. The unit is currently let to an African foods shop at a rental of £9,000 per annum, representing an established commercial income stream.
Above the shop, the privately accessed flat provides self-contained living accommodation, including a living area, fitted kitchen, bathroom, and bedroom. The flat is also let to a long-term tenant for £650pcm, ensuring consistent residential rental income.
Situated on Derwent Street, the property occupies a city centre location in Sunderland, immediately adjacent to Park Lane Interchange, which incorporates Metro and bus services providing connections across the wider Tyne and Wear region. The surrounding area benefits from a range of retail, commercial, leisure and cultural amenities, with Sunderland city centre continuing to benefit from regeneration and investment. The location offers convenient access to the city’s wider amenities and established public transport network.
The property presents an opportunity to acquire a mixed use investment in a well connected Sunderland city centre location, with an established combined rental income of £16,800 per annum. The property may also appeal to investors seeking an asset with scope for future improvement and active management, subject to the existing tenancy arrangements and any necessary consents.
