Former Wilko 33-42 Fawcett Street Sunderland Tyne and Wear SR1 1RU

Former Wilko
33-42 Fawcett Street
Sunderland
Tyne and Wear
SR1 1RU

Substantial Freehold Development/Asset Management Opportunity

Substantial City Centre Former Department Store
Total floor area of approximately 10,233.60 sq m (110,154 sq ft)
Immediate asset management and development opportunities (subject to consents)
Low Capital Value of £6.80 per sq ft on guide price
Suitable for a variety of alternative uses
Adjacent to Sunderland Railway Station, The Bridges Shopping Centre and Mowbray Park
Nearby occupiers include Admiral Casino, William Hill, TSB Bank, Greggs and a range of independent businesses

Auction
17th September 2026
Vacant Possession
Status
Available
Guide*
£750,000
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

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Substantial Freehold Development/Asset Management Opportunity

Substantial City Centre Former Department Store
Total floor area of approximately 10,233.60 sq m (110,154 sq ft)
Immediate asset management and development opportunities (subject to consents)
Low Capital Value of £6.80 per sq ft on guide price
Suitable for a variety of alternative uses
Adjacent to Sunderland Railway Station, The Bridges Shopping Centre and Mowbray Park
Nearby occupiers include Admiral Casino, William Hill, TSB Bank, Greggs and a range of independent businesses

Auction 17th September 2026
Vacant Possession
Status Available
Guide* £750,000
Sector
Development, Vacant, 110,000 sq ft, City Centre
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

Property Information

Location

Miles: 13 miles south-east of Newcastle upon Tyne, 19 miles north-east of Durham
Roads: A183, A1018, A19, A1231, A690, A1(M)
Rail: Sunderland Railway Station (National Rail and Tyne & Wear Metro)
Air: Newcastle International Airport

Situation

The property is prominently situated in a busy corner position fronting Fawcett Street and Waterloo Place in the heart of Sunderland City Centre. The property benefits from being adjacent to Sunderland Railway Station, The Bridges Shopping Centre and Mowbray Park. The University of Sunderland campuses and Sunderland College City Campus are also within close proximity to the property, home to over 30,00 students.

Tenure

Freehold.

Location

Miles: 13 miles south-east of Newcastle upon Tyne, 19 miles north-east of Durham
Roads: A183, A1018, A19, A1231, A690, A1(M)
Rail: Sunderland Railway Station (National Rail and Tyne & Wear Metro)
Air: Newcastle International Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial building arranged over six floors with ancillary accommodation in the basement and on the fourth floor and retail accommodation on the ground, first, second and third floors. The property benefits from a total approximate floor area of 10,233.60 sq m (110,154 sq ft) on a site extending to approximately 0.20 Ha (0.49 Acres).

The property may be suitable for re-development with a variety of alternative uses including Leisure, Student Accommodation, Residential Apartments, a Hotel and subdivision of the ground floor to form multiple retail units, subject to obtaining the necessary consents.

VAT

VAT is applicable to this lot.

Note

There will be 2 x accompanied internal viewings before the auction. Please contact the team to confirm access.

EPC

Band D.

Description

VAT

VAT is applicable to this lot.

Note

There will be 2 x accompanied internal viewings before the auction. Please contact the team to confirm access.

EPC

Band D.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Possession
Basement Ground First Second Third Fourth	Ancillary Retail Retail Retail Retail Ancillary	1,816.40 1,971.50 1,879.60 1,785.40 1,427.30 1,353.40	(19,552) (21,221) (20,232) (19,218) (15,363) (14,568)	VACANT (1)
Total		10,233.60	(110,154)

N.B. The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(1) Occupational interest has been received by the Landlord from a major retailer with regard to the ground floor accommodation. Further information is available with the Auctioneers.

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.