Landmark Detached Period Investment- 5 Bedroom Property in Sunderland; for sale by auction, register on website for legal pack and bidding.
An exceptional opportunity to acquire a substantial detached period property occupying a prominent position on The Quadrant in Sunderland's historic East End. Constructed in 1886 as the original vicarage to the neighbouring Holy Trinity Church, this impressive Victorian building combines historic character with modern accommodation and is offered as an income-producing investment, currently let to an established charity.
The property is let on a commercial basis, generating £72,000pa (10% yield).
Situated within The Old Sunderland Conservation Area and overlooking Sunderland Docks, the property occupies a highly distinctive location just a short distance from Sunderland City Centre, the Port of Sunderland and the A690, providing excellent road links throughout the North East, including Durham, Newcastle and Tyneside.
The property has been sympathetically restored following an extensive refurbishment completed to a high standard and now offers versatile accommodation arranged over three floors.
The ground floor comprises a spacious lounge area, quality W.C. facilities, generous storage accommodation and direct access to the enclosed rear yard.
The first floor provides three generously sized bedrooms, each benefiting from a modern en-suite shower room, together with a spacious lounge, a contemporary fitted kitchen and an additional bathroom.
The second floor offers two further bedrooms, a second lounge, fitted kitchen and bathroom, providing flexible accommodation suitable for a range of operational or residential uses, subject to any necessary consents.
Externally, the property benefits from an enclosed brick-paved rear courtyard with stone wall boundaries, while the attractive front elevation is complemented by a landscaped forecourt enclosed by brick walls and impressive carved stone entrance pillars.
This handsome Victorian building has been exceptionally well maintained and represents an attractive investment opportunity, combining a landmark heritage asset with an established occupational tenancy.
Investment Highlights:
Substantial detached Victorian property dating from 1886
Prominent position overlooking Sunderland Docks
Located within The Old Sunderland Conservation Area
Currently let to an established charity
Income-producing investment
Extensively refurbished to a high specification
Accommodation arranged over three floors
Five bedrooms and multiple reception areas
Two fitted kitchens
Multiple bathrooms and en-suite facilities
Enclosed rear courtyard
Excellent access to Sunderland City Centre and the A690
Location:
The property occupies a prominent position within Sunderland's historic East End, an area renowned for its rich maritime heritage and ongoing regeneration. Local amenities, the city centre, Sunderland Railway and Metro Station, the Port of Sunderland and the University of Sunderland are all within easy reach. Excellent transport connections are available via the nearby A690, linking directly to the A19, Durham, Newcastle and the wider regional motorway network.
Freehold
* Plus 6% Buyers Premium plus VAT
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
5 Bedrooms
Landmark period property
High commercial rental yield
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).
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