Summary - 24A, SAINT LUKES TERRACE SR4 6NQ
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- **Mixed-Use Property**: Ground floor retail unit with an upstairs studio apartment.
- **Prime Location**: Situated in the bustling St Lukes Terrace of Pallion, Sunderland.
- **Vacant Possession**: Immediate availability for buyers or tenants.
- **Sizeable Footprint**: Total area of 1,507 sq ft; adaptable space for commercial use.
- **Investment Potential**: Opportunity for steady rental income from the studio apartment.
- **Online Auction**: Sold as freehold via secure sale online bidding.
**Concerns:**
- **Condition**: Both the commercial unit and studio require renovation, with instances of damp noted and peeling paint in utility areas.
- **Security & Crime**: The area has a high crime rate and is classified as deprived, which may impact desirability.
- **Utility Features**: Current glazing is double paned but of unknown installation date; heating from mains gas has potential concerns for upkeep.
This versatile mixed-use property presents a unique opportunity for both investors and entrepreneurs. With its ample space and prime location for foot traffic, the ground floor retail unit is perfect for embarking on a new business venture. The upstairs studio apartment complements the property’s potential, allowing for a sustainable rental income, ideal for investors wanting to capitalize on the rental market.
Although the property requires renovation, it allows for customization to suit your specific needs, and its freehold status enhances future flexibility for expansions or alterations. Explore the possibilities and capitalize on this exclusive offering before it’s gone—unique properties like this don’t stay on the market for long!
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