North Bridge Street, Monkwearmouth, Sunderland, SR5
- Room Sizes
***FOR SALE BY MODERN METHOD OF AUCTION - BUYER'S PREMIUM APPLIES***
A substantial mixed-use block of commercial property, occupying a highly prominent corner site location with an extensive frontage onto the A1018. Comprising of two A3 restaurant premises and one A5 hot food takeaway. At first floor there are fifteen one bedroom studio flats.
The property would benefit from refurbishment whilst the ground floor could be combined to provide a substantial and prominent showroom or other commercial use.
The building lies within 1,000m of the University of Sunderland St. Peter's campus and 500m from the Stadium of Light Metro station.
Assuming 100% occupancy, we would antiquate a gross rental income of circa. £61,000pa, made up of circa. £38,500pa residential and circa. £22,500pa ground floor. However, there is tremendous scope to improve the rental income by an additional circa. £30,000pa producing a total rent of circa. £90,000pa - £95,000pa.
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