Simpson St
Sunderland SR4 6DR
The Old School · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Access via A1231
- Millfield Metro Station within 0.8 miles
- Grade II
- Close proximity to Trimdon Street Retail Park
- Newcastle-Upon-Tyne 12.6 miles
- Mixed Use Property
EXECUTIVE SUMMARY
Option 1
The freehold interest in the property is available with vacant possession at an asking price of £1,950,000 (One Million, Nine Hundred & Fifty Thousand Pounds), suitable for any owner occupier.
Option 2
Sale of whole and lease back of the offices to Building Design Northern on a 12 month lease agreement at £55,000 (Fifty Five Thousand Pounds) pax, available at an asking price of £1,950,000 (One Million, Nine Hundred & Fifty Thousand Pounds). We anticipate an E RV of £ 150,000 per annum in respect residential apartments providing a total ERV of £205,000 per annum.
The freehold interest in the property is available with vacant possession at an asking price of £1,950,000 (One Million, Nine Hundred & Fifty Thousand Pounds), suitable for any owner occupier.
Option 2
Sale of whole and lease back of the offices to Building Design Northern on a 12 month lease agreement at £55,000 (Fifty Five Thousand Pounds) pax, available at an asking price of £1,950,000 (One Million, Nine Hundred & Fifty Thousand Pounds). We anticipate an E RV of £ 150,000 per annum in respect residential apartments providing a total ERV of £205,000 per annum.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Tenure
Freehold
Property Subtype
Office/Residential
Building Size
2,928 SF
Building Class
B
Year Built/Renovated
1867/2020
Price
£1,950,000
Price Per SF
£665.98
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,464 SF
Building FAR
0.59
Lot Size
0.11 AC
Parking
25 Spaces (8.54 Spaces per 1,000 SF Leased)
