Online Auction

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

  • Conditional Online Auction Sale
  • Reserve not to exceed : £160,000

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

Details

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.

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.

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


Seller's solicitor

Dentons Charlotte Stevens
020 7320 3980

*Reserve Not to exceed

The reserve is the minimum amount the seller will currently accept. This figure does not represent a valuation nor does it reflect the likely sale price. It is subject to change, upwards or downwards.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.

The auction has not yet started
Minimum Opening Bid

£100,000


Bidding Opens On
12th Dec 2018 11:00
End Date

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.


Related Documents


Legal Documents

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Agreement Documents