29/29a/29b Crowtree Road & 8/12 Maritime Terrace Sunderland SR1 3JU

29/29a/29b Crowtree Road & 8/12 Maritime Terrace
Sunderland
SR1 3JU

High Yielding Freehold Retail Parade Investment

Unbroken parade comprising 7 shops
Approximately 19,953 sq ft
Prominent corner location at entrance to Bridges Shopping Centre and close to Sunderland Train Station (200 metres)
Nearby occupiers include TK Maxx, H&M, Home Bargains, Starbucks and Primark
Asset management potential
Possible change of use opportunities of upper parts (subject to leases & consents)

Lot
40
Auction
10th July 2025
Rent
£90,904 per Annum Exclusive
With vacant units to be let.
Status
Available
Guide*
£750,000+
Auction Venue
Live Streamed Auction

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High Yielding Freehold Retail Parade Investment

Unbroken parade comprising 7 shops
Approximately 19,953 sq ft
Prominent corner location at entrance to Bridges Shopping Centre and close to Sunderland Train Station (200 metres)
Nearby occupiers include TK Maxx, H&M, Home Bargains, Starbucks and Primark
Asset management potential
Possible change of use opportunities of upper parts (subject to leases & consents)

Lot 40
Auction 10th July 2025
Rent £90,904 per Annum Exclusive With vacant units to be let.
Status Available
Guide* £750,000+
Sector
Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 13 miles south-east of Newcastle upon Tyne, 13 miles south-west of Durham
Roads: A1 (M), A19, A1018, A1231
Rail: Sunderland Railway Station
Air: Newcastle Airport

Situation

The property is situated in a very prominent pedestrianised City Centre location at the junction of Crowtree Road and Maritime Terrace leading to the main entrance of Bridges Shopping Centre. Sunderland Train Station is approximately 200 metres away. Other nearby retailers include TK Maxx, H&M, Home Bargains, Starbucks and Primark.

Tenure

Freehold.

Location

Miles: 13 miles south-east of Newcastle upon Tyne, 13 miles south-west of Durham
Roads: A1 (M), A19, A1018, A1231
Rail: Sunderland Railway Station
Air: Newcastle Airport

Situation

Tenure

Freehold.

Description

The property comprises an unbroken parade of 7 shops each with ground floor retail accommodation and first floor ancillary accommodation . The property benefits from car parking at the rear.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion.

EPC

See legal pack.

Description

The property comprises an unbroken parade of 7 shops each with ground floor retail accommodation and first floor ancillary accommodation . The property benefits from car parking at the rear.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion.

EPC

See legal pack.

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx (sq m)	Floor Areas Approx (sq ft)	Tenant	Term	Rent p.a.x.
29 Crowtree Road	Ground First	Retail/Ancillary Ancillary	195.00 sq m 177.40 sq m	(2,099 sq ft) (1,910 sq ft)	VACANT POSSESSION
29a Crowtree Road	Ground First	Retail/Ancillary Ancillary	84.40 sq m 86.10 sq m	(908 sq ft) (927 sq ft)	FONE XPERTS SUNDERLAND LTD (1) (t/a Fone Xperts)	10 years from 09/02/2022 with a rent review on 09/02/2027 and a tenant only break option in 2025 and 2027	£18,904.16
29b Crowtree Road	Ground First	Retail/Ancillary Ancillary	83.80 sq m 76.60 sq m	(902 sq ft) (825 sq ft)	SILVERVALE ENTERPRISES LIMITED (t/a Fatso's)	3 years from 25/03/2019 (holding over)	£33,000
8 Maritime Terrace	Ground First	Retail/Ancillary Ancillary	340.80 sq m 354.08 sq m	(3,668 sq ft) (3,811 sq ft)	SUNDERLAND FURNITURE CLEARANCE CENTRE LIMITED (t/a Durham Bed & Furniture Clearance Centre)	1 year licence from 01/10/2021	-
9 Maritime Terrace	Ground First	Retail/Ancillary Ancillary	78.90 sq m 57.04 sq m	(849 sq ft) (614 sq ft)	VACANT POSSESSION		-
10/11 Maritime Terrace	Ground First	Retail/Ancillary Ancillary	50.20 sq m 50.90 sq m	(540 sq ft) (548 sq ft)	VACANT POSSESION. Terms have been agreed for new letting to a Charity at a rent of £10,000pax.	-	-
12 Maritime Terrace	Ground First	Retail/Ancillary Ancillary	114.90 sq m 103.60 sq m	(1,237 sq ft) (1,115 sq ft)	HUNG DUC VU (t/a HT Nails & Spa)	10 years from 16/05/2019 with a rent review and tenant only break option on 16/05/2024	£39,000
Total Approximate Floor Area (1)			1,853.72 sq m	(19,953 sq ft)			£90,904.16

(1) The floor areas stated above are those published by the Valuation Office Agency at https://www.tax.service.gov.uk/business-rates-find/back-to-list-valuations .

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.