AUCTION DATE
Freehold
Sunderland is a port city in Tyne and Wear, situated 12 miles north-east of Durham and 10 miles south-east of Newcastle upon Tyne, at the mouth of the River Wear. Sunniside is a district towards the eastern side of the city centre, bounded to the west by Fawcett Street, to the south by Borough Road, and to the north and east by the Inner Ring road. A significant programme of urban development has established Sunniside as a centre of culture, film, dining, entertainment and art in the city. It is also known as the historic heart of Sunderland's legal and real estate sectors, with many solicitors and estate agencies based in the area. The property is located on the north side of Borough Road on its junction with Norfolk Street in a mixed use area. within a short walk east of the city centre. Other nearby occupiers include Lloyds Pharmacy and McCarthys Pharmacy as well
An attractive three storey property of traditional construction, consisting of three ground floor retail units and five flats above accessed via a separate entrance in Norfolk Street. The retail and residential have all been sold off on long leasehold interests (please see table and legal pack), and the freeholder manages and insures the property.
Please refer to legal documents
Sunderland City Council (0191 520 5506) www.sunderland.gov.uk
Address | Accommodation | Tenancy | Rent per annum |
---|---|---|---|
TOTAL | £1,200 | ||
15 Borough Road | Retail | 999 years from 19/08/2020 | Peppercorn |
16A Borough Road | Retail | 999 years from [ ] 2020 | Peppercorn |
17A Borough Road | Retail - ground floor | 250 years from 18.01.2008 | £200 |
16b/16c/17b/17c Borough Road and 35b/35c/36a/36b/36c Norfolk Street | Ground floor stairs, first and second floor flats | 250 years from 14.06.2016 | £1,000 |
Please note that any plans or photographs used are to help locate the property and may not show the exact legal boundaries. Prospective purchasers are advised to refer to the title plan in the legal pack. The areas have been provided by the vendor.
Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.
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