Ryhope St 31,803 SF Retail Building Sunderland SR2 9QR £1,125,000 (£35.37/SF) 7.98% Net Initial Yield
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.
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
£35.37
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
