Property description
Jonathon Lewis are delighted to bring to the market this rare investment opportunity to acquire this two storey property located in a prominent corner position on the ever popular Sea Road, Sunderland. The property is of mixed use with a commercial unit on the ground floor and a self contained two bedroom apartment on the first floor, generating a good combined rental income of approx £17,400 pa.
Sea road is a bustling shopping area with a range of residential and commercial properties offering a good mix of retail shops and services including Estate agents, bakers, greengrocer, chemist, hair salons, florists, Post Office, takeaways and many more. The property is ideally placed for access to local transport facilities.
DESCRIPTION
The premises benefits from an aluminium shop front, is double fronted, and the retail space is arranged over the ground floor, having frontage on to the main road. Access to the first floor flat is via a door to the side of the property.
GROUND FLOOR
Internally, the property is a good size, with the ground floor retail space approximately 25' 7\" x 20' 11\" (536 ft2). The retail space further benefits from wc facilities, kitchen and office to the rear. There are good levels of captive trade from the surrounding properties and there is passing trade generated from the main road.
FIRST FLOOR ACCOMMODATION
To the first floor, the two bedroom flat briefly comprises of entrance to hallway, staircase to first floor landing, with doors leading off to the lounge and kitchen, two bedrooms, and bathroom.
LANDING - 7' 8'' x 7' 9'' (2.34m x 2.36m) max depth
With fitted carpet, access to loft, and doors off to the lounge and kitchen, two bedrooms and family sized bathroom.
LOUNGE - 14' 0'' x 11' 0'' (4.26m x 3.35m) max depth
Located to the rear of the property with fitted carpet, large storage cupboard, central heating radiator, UPVC double glazed window, and door off to the kitchen.
KITCHEN - 9' 6'' x 7' 11'' (2.89m x 2.41m) max depth
Again to the rear with a range of wall and base units, contrasting work tops, stainless steel sink with drainer and chrome mixer tap, integrated electric oven, gas hob, extractor hood, central heating radiator, plumbed for automatic washing machine, tile effect laminate flooring, UPVC double glazed window, and UPVC door accessing the rear yard.
BEDROOM ONE - 13' 6'' x 13' 7'' (4.11m x 4.14m) max depth
Located to the front of the property with UPVC double glazed window, fitted carpet, and central heating radiator.
BEDROOM TWO - 8' 7'' x 9' 10'' (2.61m x 2.99m) max depth
Also situated to the front of the property with UPVC double glazed window, fitted carpet, and central heating radiator.
FAMILY BATHROOM - 9' 10'' x 7' 8'' (2.99m x 2.34m) max depth
Family sized bathroom with a white suite comprising of panel bath, sink with pedestal, low level push button wc, UPVC double glazed window, tile effect laminate flooring, and wall hung combi boiler.
TENURE
The property is Freehold and offers are sought in the region on £225,000.
RATES PAYABLE
Interested parties should contact the Local Rating Authority to determine the precise rates payable.
INCOME
We have been advised by the owners that the retail premises generate an income of around £12,000 per annum with an additional income of £5,400 for the apartment.
LEGAL COSTS
Each party is to be responsible for their own costs in connection with the legal transaction.
ENERGY PERFORMANCE
Certificate available upon request
DISCLAIMER
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the in going buyer to ensure that they are in working order. Any areas, measurements and distances given are approximate only.
IMPORTANT INFORMATION
VIEWINGS: STRICTLY BY APPOINTMENT ONLY To arrange an appointment to view this property contact our Seaham branch on 0191 5816652. Opening Hours Monday to Friday 9.00am - 5.30pm Saturday 9.00am - 2.00pm IMPORTANT NOTE The premises are offered subject to contract, availability and confirmation of details. The particulars do not form part of any contract and whilst believed to be correct, no responsibility can be accepted for any inaccuracies or errors. No other statements contained in the particulars are to be relied upon as a statement of fact and are a general outline only for the guidance of intending purchasers or tenants, and should be verified by you on inspection or by your solicitor as to the correctness of these statements. The photographs show only parts of the property as they appeared at the time taken. You should not rely on statements by Jonathon Lewis Ltd in the particulars or by word of mouth or in writing as being factually accurate about the property/business, its condition or its value. The vendor(s) or lessor(s) do not make or give Jonathon Lewis Ltd (nor their joint agents) nor any person in their employment any authority to make or give any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rentals quoted are exclusive of Value Added Tax to which they may be subject None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Lessee to ensure that they are in working order. Any areas, measurements and distances given are approximate only. STAND OUT FROM THE CROWD ! If you are thinking of moving home or currently have your property on the market with another Estate Agent and feel you are not receiving the results they promised, we would be delighted to hear from you. One of our expert valuers will carry out a free no obligation valuation of your property and give you specialist marketing advice. DON'T JUST TAKE OUR WORD FOR IT... \"Carol and I would like to thank you all for your very professional and efficient service during the house sale. Your recommendations were most realistic and clearly stated, jargon free and to the point. We both felt very comfortable dealing with you all and felt quite certain that you knew your business, area and clientele well. Each time we visited the Office we were sure of a warm and courteous welcome. We would have no hesitation in recommending you to family and friends. Thank you once again.\" Mr and Mrs A, Seaham
Property Features :
- Rare investment opportunity to acquire this mixed use, two storey property
- Located in a prominent corner position in the ever popular and bustling Sea Road area
- Commercial / Retail unit to the ground floor
- Two bedroom, self contained flat to the first floor
- Yard to the rear