Lynas House 12-16 Frederick St 10,556 SF 100% Leased Retail Building Sunderland SR1 1NA £675,000 (£63.94/SF) 10.37% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Modern city centre offices in main professional area
- Good transport links
- Good road links
EXECUTIVE SUMMARY
Offers in the Region of £675,000
Lynas House is arranged over 3 floors and was refurbished in 2009 including replacement of all external windows and the installation of passenger lift serving the first and second floors from a selfcontained access lobby.
Lynas House is arranged over 3 floors and was refurbished in 2009 including replacement of all external windows and the installation of passenger lift serving the first and second floors from a selfcontained access lobby.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
10,556 SF
Building Class
C
Year Built/Renovated
1973/2009
Price
£675,000
Price Per SF
£63.94
Net Initial Yield
10.37%
NOI
£69,973
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.52
Lot Size
0.16 AC
AMENITIES
- Corner Lot
- Air Conditioning
1 of 1
NEARBY MAJOR RETAILERS
