Ryhope St31,803 SFRetail BuildingSunderland 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.
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