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SOLD STC

Olive Street, Sunderland

Key features

  • Size: 1339 sqft
  • Ideal investment opportunity
  • City Centre Location
  • 2023 RICS Valuation: £115,000
  • Strong condition throughout
  • Freehold

Description

This is an ideal opportunity for an investor or developer.
With a RICS valuation completed in July 2023 for £115,000, this has been priced for a quick sale.
The ideal buyer will either rent this as full commercial, convert into mixed residential-commercial tenure or convert into a HMO or residential accommodation block.
All three options will generate huge annual cash-flow with strong demand from commercial and residential tenants.
The property is conveniently located within Sunderland’s city centre and within a short walk to the bus station, train station, University and hospital.
With £500 million being invested into redeveloping Sunderland’s city centre this property will benefit from both strong capital appreciation and strong rental demand.
This property has been priced to sell to a smart investor who recognises value when they see it.
Physical and Virtual Tour Available too
EPC D

Full Description - This is an ideal opportunity for an investor or developer.
With a RICS valuation completed in July 2023 for £115,000, this has been priced for a quick sale.
The ideal buyer will either rent this as full commercial, convert into mixed residential-commercial tenure or convert into a HMO or residential accommodation block.
All three options will generate huge annual cash-flow with strong demand from commercial and residential tenants.
The property is conveniently located within Sunderland’s city centre and within a short walk to the bus station, train station, University and hospital.
With £500 million being invested into redeveloping Sunderland’s city centre this property will benefit from both strong capital appreciation and strong rental demand.
This property has been priced to sell to a smart investor who recognises value when they see it.
Physical and Virtual Tour Available too
EPC D

Epc. - EPC Rating - D
EPC Link -

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Property Viewing. - Contact Stuart Edwards Estate Agents for an appointment to view.

Important Information. - Please note that all sizes have been measured with an electronic measure tape and are approximations only. Under the terms of the Misdescription Act we are obliged to point out that none of these services have been tested by ourselves. We cannot vouch that any of the installations described in these particulars are in perfect working order. We present the details of this property in good faith and they were accurate at the time of which we inspected the property. Stuart Edwards for themselves and for the vendors or lessors of this property whose agents they are, give notice, that: (1) the particulars are produced in good faith, are set out as a general guide only, and do not constitute any part of a contract; (2) no person in the employment of Stuart Edwards has the authority to make or give any representation or warranty in relation to this property.

The Property Ombudsman. - Membership is held with The Property Ombudsman for sales and lettings.

Thanks. - Thank you for accessing these details. Should there be anything further we can assist with, please contact our office.

Please note Stuart Edwards Estate Agents is the trading name for Bluepace Durham Ltd.

Brochures

Olive Street, SunderlandEPC
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Olive Street, Sunderland

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Park Lane Metro Station0.2 miles
  • Sunderland Station0.3 miles
  • University Metro Station0.5 miles
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About Stuart Edwards, Durham

1-2 Blue Coat Buildings, Durham City, DH1 1RF
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One of Durham's Most Experienced Property Professionals

Stuart Edwards has been successfully selling and letting houses in Durham City since 1971. We pride ourselves in offering a professional service at a competitive price.

Our family run business is made up of friendly, professional people who have extensive experience of the housing market. We understand estate agencies come and go, but Stuart Edwards Estate Agents has consistently secured high levels of sales throughout a 40 year period.

Having confidence in your estate agent is vital, we'll support you all the way and respect the emotional journey buying and selling a home can take you on. Our simple aim is to achieve the best price for your property in the shortest possible time frame.

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Disclaimer - Property reference 33336898. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stuart Edwards, Durham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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