Units Beneath Travelodge, High Street West, Sunderland, Tyne and Wear, SR1 1UD

Guide Price* : £100,000

Upon Instructions of

  • Two vacant units totalling 6,900 sq ft (641 sq m)
  • Planning permission for a variety of uses
  • Offered with vacant possession

Description

The property comprises two ground floor retail units totalling 6,900 sq ft (641 sq m). The units, having being completed in November 2012, are offered in shell condition and have planning consent for A1, A2, A3, A4, D1 & D2 uses. The units have a frontage onto High Street West and features a return frontage to William Street.

Location

The property is located in Sunderland, Tyne and Wear, approximately 15 miles South East of Newcastle Upon Tyne and 13 miles North East of Durham.

The city is connected to the national rail system via the Tyne & Wear Metro. Additionally, Grand Central Railway also runs five daily services between Sunderland and London King’s Cross in under four hours. Newcastle International Airport lies 21 miles north west of the City which offers flights to Europe and other international destinations.

Road communications are excellent with the City lying 9 miles east of junction 65 of the A1(M) which provides access to the Midlands and the South, and 4 miles east of the end of A19 which runs parallel to the A1(M) to Doncaster. The A194(M) which begins at J65 of the A1M leads north to Newcastle, Gateshead, Jarrow and the Tyne Tunnel.

The property sits immediately adjacent to Sunniside multi-storey car park which offers 653 spaces. There is excellent frontage to High St West which provides a direct link for University Students from the halls of residence nearby to St Peter’s campus on the north side of the River Wear.

The property benefits from being adjacent to a modern tenpin bowl, operated by 1st Bowl, adding critical mass to this leisure destination. In addition The Bridges Shopping Centre, owned by Land Securities, is located less than 340 metres south west of Sunniside. The scheme, comprising 500,000 sq ft is anchored by Primark, Debenhams, Top Shop, H&M, Dorothy Perkins, Superdry, River Island and Boots.

Tenure

Long Leasehold

Planning

Sunderland City Council - www.sunderland.gov.uk (0191 520 5555)

Tenancy

The property is offered with vacant possession

Legal Pack

The property is being offered as a conditional sale due to a pre-emption agreement held by a third party - Please consult the legal pack for more information

Vendor's solicitor

Dentons
Charlotte Stevens
020 7320 3980

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

The auction has not yet started
Minimum Opening Bid

£70,000


Bidding Opens On
27th Mar 2019 12:00
End Date

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Vendor

Kier Property

Vendors Solicitor

Charlotte Stevens - Dentons
020 7320 3980

Related Documents

Legal Documents

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Agreement Documents