COVID-19 – Important Auction Information
For Sale By Auction | 14:00, 03 November 2020 | Lot 14

Development Site, Toward Road, Sunderland, Tyne And Wear, SR2 8JF

*Guide | £135,000 + (plus fees)

  • Land
  • Tenure: See Legal Pack

Call the team on 0191 908 9691 for more information

Auction Date

Tue 03/11/2020

Auction Time

14:00

Auction Venue

ONLINE ONLINE,

Development Site

This Development site, just half a mile from Sunderland City Centre, has benefited from Detailed Planning Permission in 2012 and is now lapsed for 120 bedrooms (20 flats) of student accommodation. The immediate area is characterised by mainly residential dwellings and the award winning Mowbray Park and Winter Gardens are directly adjacent and pleasantly situated opposite the site. Sunderland City Centre is accessed easily by foot a few minutes walk away and all main arterial road links are close by with Newcastle to the North and Durham and Teeside to the South. Sunderland is constantly regenerating and boasts a highly regarded University with various site campuses within and across the City. Over recent years we have seen the demand for quality student accommodation sore, with many students residing in luxury private residential accommodation due to the shortage of purpose built schemes. Sunderland has excellent transport links, a growing and strong retail sector, teaching hospital and Olympic swimming pool. This is an excellent opportunity to undertake such a scheme as alluded to above or to in fact present a different scheme, subject to planning approval.

Tenure

See Legal Pack

Viewing

At any reasonable time at your own risk

Energy Efficiency Rating (EPC)

Current Rating N/A

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Sunderland City Council

Solicitors

Square One Law, Anson House, Flemming Business Park, Burdon Terrace, Newcastle, NE2 3AE, Ref: Peter Clegg, Tel: 0191 250 8530

Additional Fees

Administration Charge - £900 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.