12 Fawcett Street, Sunderland Tyne & Wear, SR1 1SJ

Mixed Use Investment for Sale

1,214 ft²

Price £750,000

Key Features

Features
Investment Opportunity
Size (basement) 112.8m² (1,214ft²)
Size (Ground floor) 112.8m² (1,214ft²)
City Centre Location
EPC Rating D51
Ideal Location
Passing rent of £70,200 per annum
We are instructed to seek a price of £800,000 equating to a net initial yield of 8.4% assuming purchasers’ costs at %.
Transport
Bus stops located outside of property
0.2 miles from Sunderland Metro Station
0.1 miles from A1018
18.6 miles from Newcastle International Airport

Property Description

LOCATION

The subject to property is situated in the heart of Sunderland City Centre. Due to the property being in the City Centre this brings a high rate of pedestrian footfall. The property also benefits from a good passing trade, due to the direct bus routes and Sunderland Train Station being a short distance away. The premises occupies a prominent location, with various large retailers located nearby, such as Lloyds and Barclays Bank also the Bridges Shopping Centre.

DESCRIPTION

The subject is an investment opportunity which forms as part of a four-storey mid terraced brick building in the heart of Sunderland City Centre. Part of the sale will form the sale and lease back on ground floor retail accommodation.

EPC     

D51

TERMS

The accommodation is available by way of freehold with a price of £800,000

(Eight Hundred Thousand Pounds.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

LEGAL COSTS

Each party is to bear their own legal costs involved in the transaction.

MONEY LAUNDERING REGULATIONS

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

VIEWING

For general enquiries and viewing arrangements please contact Michael McGhin at Bradley Hall.

Tel: 0191 563 4242           

Email:    Michael.mcghin@bradleyhall.co.uk


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