Lot 94 - Unit 1 Dunn House, 50-56 North Bridge Street, Sunderland, Tyne and Wear, SR5 1AH
- Unconditional Online Auction Sale
- Guide Price* : £65,000
Ground Floor Retail Investment
Description
For sale is a ground floor retail unit, excellently located along North Bridge Street, a well-established commercial location to the north of Sunderland city centre. Currently let to a convenience store, the ground floor accommodation is currently arranged with two main retail areas, store room to the rear, and staff W.C. Large frontage to North Bridge Street offers a high profile to passing vehicular and pedestrian traffic. The unit is let for £9,600pa on a 5 year term which commenced November 2025.
The property benefits from excellent accessibility, lying close to the A1231 and A19, which provide direct links to the wider Tyne and Wear region, including Newcastle upon Tyne, Washington and South Shields. The surrounding area comprises a mix of retail, trade counter and commercial occupiers, generating strong levels of passing traffic and visibility. Sunderland city centre amenities, including shops, restaurants and public services, are within easy reach, while local public transport links offer convenient access for staff and customers alike. The location is further supported by nearby residential areas, providing a strong local catchment, and is well positioned for businesses seeking a practical and accessible base within Sunderland.
ADDITIONAL TERMS
1. This lot is for sale subject to unconditional auction terms.
2. If the reserve price is met or exceeded, contracts will exchange with immediate effect upon the close of the auction.
3. Following exchange of contracts, parties have 28 days in which to complete the purchase (unless specified otherwise in the special conditions).
4. A non-refundable deposit of 5% is payable within 1 hour of the auction closing.
5. The winning bidder is to make payment to the auctioneer a reservation fee of 6% including VAT subject to a minimum of £6,000 including VAT. The reservation fee is payable in addition to the purchase price and is payable within 1 hour of the auction closing.
6. An administration charge of £714 including VAT is payable by the successful buyer within 1 hour of the auction closing.
7. A legal pack has been provided by the seller’s solicitor and is available to download. We strongly recommend reviewing this thoroughly and discussing any queries with your solicitor prior to bidding.
8. I acknowledge that the seller may accept my bid at any time prior to the scheduled auction end date.
Lease Start Date
20/04/2016
Lease Duration
250 years (240 years unexpired)
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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