Retail property (high street) for sale

Rooms

Location
The property is situated on John Street at the corner of junction with Athenaeum Street in Sunderland city centre within the Tyne & Wear urban conurbation. The subject street is just east of Sunderland train station whilst the Bridges shopping centre and the main retail core are also west of the subject. University of Sunderland city campus is also just west of the subject, with Mowbray Park to the south. Sunniside was traditionally the professional district of Sunderland. Since significant redevelopment has commenced, there has been a shift of occupiers moving to Grade A offices at Keel Square meaning demand has reduced within this location.

Accommodation
The property comprises of two component parts being a single storey unit utilised as the customer facing estate agency branch. The second component comprises of an interconnecting two storey end terraced premises with accommodation over GF, FF and T fall attic accommodation. The size of the property is 367.56sqm (3,955sqft).

Rateable Value
The rateable values are as follows: 1 St&2nd Fs 48, Athenaeum Street is £9,100 and 4, Athenaeum Street is £6,700.

Lease Details
4a Athanaeum is let on a 10 year term at £17,500 per annum.

Tenure
Freehold: Title number TY225507.

EPC
Available upon request (rating D).

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. 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. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.