Auction House London

Lot 58

Residential Development - Commercial Property 

Cannex House

3 Tatham Street, Sunderland, Tyne and Wear, SR1 2QD

£600,000+

Guide Price (plus fees)

A Substantial Vacant Three Storey Former 79 Bedroom Hostel Block Measuring Approximately 1,649 sq m (17,749.69 sq ft). Offered with Planning Permission for Change of Use and Redevelopment of the Existing Building to Provide Fifty Self-Contained Flats (42 x One Bedrooms & 8 x Studios).

Description

Location

The property is well located in the heart of Sunderland City Centre on the south side of the River Wear. Numerous multiples occupy nearby properties and the open spaces of the Sunderland Museum with it's Winter Gardens is a short walk away. Transport links are provided by Sunderland rail station.

Exterior

The property benefits from a secure courtyard to the rear.

Planning

Sunderland City Council granted the following planning permission (Ref: 18/00825/FUL) on 1st November 2018: 'Change of use of vacant building to 50 residential units'.

Proposed Accommodation

Ground Floor
12 x One Bedroom Flats with Open Plan Reception/Kitchen and Seperate Shower Rooms
6 x Studio Flats with Open Plan Reception/Kitchen area and Seperate Shower Rooms

First Floor
16 x One Bedroom Flats with Open Plan Reception/Kitchen and Seperate Shower Rooms
2 x Studio Flats with Open Plan Reception/Kitchen area and Seperate Shower Rooms

Second Floor Flat
14 x One Bedroom Flats with Open Plan Reception/Kitchen and Seperate Shower Rooms

Addendum

Correct address: Cannex House, 3 Tatham Street, Sunderland SR1 2QD

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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