Unlock a unique opportunity to elevate your property portfolio through a mixed-use asset, providing a blend of residential income and commercial potential with four distinct revenue streams.
RESIDENTIAL FRONT FACING ONE BEDROOM FLAT:
A one-bedroom apartment, thoughtfully designed with an open-plan living and kitchen space. The fitted bathroom is located off the rear of the kitchen. The spacious bedroom offers front-facing views, elevating the living experience. Potential rental income stands between £400-425 pcm. COUNCIL TAX BAND - A. EPC RATING -C.
REAR FACING TWO BEDROOM FLAT:
Delve into a larger two-bedroom apartment, boasting a bright and spacious open-plan living room and kitchen design. Accompanied by two bedrooms and a family bathroom, this unit anticipates a monthly rent in the bracket of £450-475 pcm. COUNCIL TAX BAND - A. EPC RATING -D.
COMMERCIAL GROUND FLOOR RETAIL:
Spanning approximately 400ft2, this versatile retail space, with its prominent glass frontage secured by an electric roller shutter is currently configured as a takeaway. Its spacious layout accommodates a service counter and /waiting area, while the rear unveils a commercial kitchen - negotiable upon a favourable deal. Previously utilised as a café there is the opportunity to return to a seated customer area subject to relevant authorisations and works. Projected to fetch up to £550 pcm, it extends the commercial allure of this property.
REAR LOCK UP / STORAGE:
Easily accessible from the back lane, this storage facility emerges as a functional asset for sizeable vehicle or equipment storage. Enhanced by a mezzanine level, accessible through a sturdy staircase, and equipped with its own electric meter, it complements the property's comprehensive utility profile.
ADDITIONAL INFORMATION Rateable value as of 1st April 2023 stands at £4,150, as referenced from www.gov.uk.
Detailed planning consents and licensing information is obtainable from the local authority.
Equipment and systems have not been verified by the agency; it remains the purchaser's responsibility to confirm operational status.
LOCATION Situated on Windsor Terrace, this shopping parade nestles within a residential hub, boasting prime frontage along the bustling Ryhope Road (A1018). This dynamic artery seamlessly connects Sunderland City Centre to essential amenities, like the round-the-clock Asda, Queen Alexandra Road, and several retail parks. While predominantly a haven for local vendors, the parade also flaunts a sprinkle of national retail players, notably William Hill and Machine Mart.