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Ryhope St

31,803 SF Retail Building Sunderland SR2 9QR £1,125,000 (£35/SF) 7.98% Net Initial Yield

Shops & Retail Properties Tyne And Wear Sunderland Ryhope St, Sunderland, TWR SR2 9QR

Investment Highlights

  • 3 miles south of the City Centre
  • Property benefits from excellent local amenities including Asda and Iceland to the immediate east of the premises
  • Immediate vicinity is largely residential

Executive Summary

Freehold investment opportunity. Asking price of £1,125,000 (One Million One Hundred and Twenty Five Thousand Pounds) which represents a net effective yield of 7.98% taking into account reasonable purchasers’ costs at 5.87%. Single let to OneGym on a 15 year term from November 2022. Passing Rent of £95,000 pa

Attachments

Sunderland - OneGym, Ryhope Road

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Health Club
Building Size
31,803 SF
Building Class
B
Year Built
1974
Price
£1,125,000
Price Per SF
£35
Net Initial Yield
7.98%
NOI
£89,775
Tenancy
Single
Number of Floors
2
Building FAR
0.48
Lot Size
1.53 AC
Parking
110 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
107 ft on Ryhope Street South

Amenities

  • EPC - D
  • Roller Shutters
  • Storage Space
1 of 1

Nearby Major Retailers

The Gym Group
ASDA
Starbucks
Country Kitchen
Londis
+44 808 164 6839

Contacts

  • Listing ID: 30473007

  • Date on Market: 28/12/2023

  • Last Updated:

  • Address: Ryhope St, Sunderland SR2 9QR

The Retail Property at Ryhope St, Sunderland, SR2 9QR is currently available for sale. Contact Sanderson Weatherall LLP for more information.

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Kevin McGorie

+44 808 164 6839

+44 808 164 6839

Mark Convery

+44 808 164 6839

+44 808 164 6839

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