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Douro Terrace, Sunderland Terraced house for sale
Douro Terrace, Sunderland
£325,000
Douro Terrace, Sunderland
£325,000
Our Summary
- DEVELOPMENT OPPORTUNITY / INVESTMENT OPPORTUNITY OR OWNER OCCUPIER PURCHASE
- An exciting opportunity to purchase a paid of Grade II listed mid terraced properties that are arranged over 4 floors that have had planning passed to convert them into 8no self contained flats
- A purchaser could secure the buildings and undertake the passed planning to convert into 8no apartments or refurbish the current accommodation back into individual office space
- We calculate the approximate areas are as follows:3 Douro TerraceBasementGround FloorFirst FloorSecond FloorTotal - 273 sq m4 Douro TerraceBasementGround FloorFirst FloorSecond FloorTotal 249 sq m Externally there is a front forecourt and parking to the rearPlanning - Planning has been passed by Sunderland City Council for Change of use from Class E and F2 to create 8no
- residential dwellings (Use class C3) and associated alterationsThe planning approval reference with Sunderland City Council is 24/01677/FULPlease also note the listed planning consent approval is: 24/01678/LBCFurther details and plans upon request
- Approved Planning Accommodation - The passed planning permission will once converted offer the following accommodation:3 Douro TerraceBasement - 1 Bed flat comprising of: Lobby, Store, Kitchen / Living Room, Bathroom BedroomGround Floor - 1 Bed flat comprising of: Lobby, Store, Kitchen / Living Room, Bathroom BedroomFirst Floor - 1 Bed flat comprising of: Lobby, Store, Kitchen / Living Room, Bathroom Bedroom, Study RoomSecond Floor - 1 Bed flat comprising of: Lobby, Store, Kitchen / Living Room, Bathroom Bedroom4 Douro TerraceBasement - 1 Bed flat comprising of: Lobby, Store, Kitchen / Living Room, Bathroom BedroomGround Floor - 1 Bed flat comprising of: Lobby, Store, Kitchen / Living Room, Bathroom BedroomFirst Floor - 1 Bed flat comprising of: Lobby, Store, Kitchen / Living Room, Bathroom Bedroom, Study RoomSecond Floor - 1 Bed flat comprising of: Lobby, Store, Kitchen / Living Room, Bathroom BedroomPurchase Price - £325,000Current Tenancies - We are advised that the first floor to no3 Douro Terrace is held on a lease by Wearside Masonic Temple Limited for a term of 25 years and expires the 1st February 2026 at a passing rent of £2,500 per annum
- Development Opportunity
- Excellent Potential
- Planning Passed
Description
This is an exciting opportunity to purchase a pair of Grade II listed mid-terrace properties in a highly visible location on the fringe of Sunderland City Centre. The properties, which are arranged over four floors, have had planning permission passed to convert them into eight self-contained flats, or to refurbish the current accommodation back into individual office space. The properties are surrounded by a mix of residential and commercial uses, including a masonic temple, a restaurant, and a new development of 265 new build properties. The property comprises a basement, ground floor, first floor, and second floor, with a total approximate area of 522 sq m. The planning permission allows for the creation of eight residential dwellings, each with one bedroom, and includes a study room and bathroom. The property is being sold for £325,000, and is available to purchase freehold. Viewings are advised to fully appreciate this unique opportunity.