Summary - 28, SUNDERLAND STREET SK11 6JL
1 bed 1 bath Commercial Development
Freehold, income-producing Georgian building with conversion upside for experienced developers.
- Grade II listed former chapel with strong Georgian character
- Prominent town-centre location near railway and bus stations
- Current income £25,500 per annum from two commercial lets
- Two residential flats currently vacant; scope for conversion or lettings
- Both commercial tenancies terminable on six months' notice (reversionary)
- Listing restricts alterations; specialist consents likely required
- Medium flood risk, very high local crime, small plot size
- VAT registered (TOGC) and AML checks required on purchase
A prominent Grade II listed former chapel in the heart of town, this freehold commercial building offers immediate income and clear redevelopment potential. The property benefits from high ceilings, large arched windows and retained Georgian character that suit conversion to alternative commercial or mixed-use schemes subject to planning and listing consents.
Currently income-producing: a long-established snooker club (rent £15,500 pa) and solicitors' offices (rent £10,000 pa) generate revenue, and two residential flats are recorded as vacant, providing short-term upside or space for reconfiguration. Both commercial tenancies can be brought to an end on six months' notice, creating a reversionary opportunity for redevelopment or re-letting.
Material constraints are straightforward and significant: Grade II listing will restrict alterations and likely require specialist consent and higher build costs. The property sits on a small town-centre plot in an area with medium flood risk and very high recorded crime; the wider locality is relatively deprived. VAT applies (TOGC) and anti-money-laundering checks will be required from a purchaser.
For investors or developers experienced with listed-town-centre projects, this is a central, well-connected asset with characterful fabric and immediate rental income, suitable for a considered redevelopment strategy that balances conservation obligations with commercial returns.
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