News2017Prime development opportunity comes to the market in Sunderland

Prime development opportunity comes to the market in Sunderland

A prime development opportunity has come to the market in Sunderland city centre.

The University of Sunderland is selling Forster Building on Chester Road and has appointed commercial property specialist, Naylors as sole agent to market the property.

The four-storey building, which was constructed in 1975, forms part of the University of Sunderland’s City Campus and is situated opposite University Metro Station. It also incorporates a 1.4 acre site including a large car park facility.

Naylors agency team is seeking offers for the freehold interest, which is available with immediate vacant possession.

James Fletcher, commercial agency surveyor at Naylors said: “This presents an excellent development opportunity right in the heart of Sunderland city, adjacent to the University campus.  Subject to planning it could be suitable for a range of town centre uses including retail and other commercial uses.

We have experienced extremely high levels of interest and as a result we will be going to best and final offers on 31st March.”

The property, which formerly provided a mixture of general teaching and studio facilities together with ancillary offices, is predominantly surrounded by educational buildings.  There are also a vast number of commercial uses in close proximity to the site including Premier Inn, Travelodge, Wetherspoons and Revolution Bar & Grill as well as residential dwellings.