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56 Frederick St 1,063 sq ft 100% Let Office Property Sunderland SR1 1NF £150,000 (£141.11/sq ft)

INVESTMENT HIGHLIGHTS
- Current income £22,400 pa
- Residential apartment on upper floors
- City centre investment property
- 2 car parking spaces to rear
- Commercial tenant over 2 floors (2 leases)
EXECUTIVE SUMMARY
Ideally positioned in Sunderland, this property promises substantial returns on investment given its dual-purpose usage. An unmissable venture for those seeking to expand their commercial portfolio. Presenting an exceptional Grade 11 listed commercial sale opportunity located in the bustling city of Sunderland. This property comprises well-situated offices on the lower levels, currently generating an impressive annual income of £22,400 pa.
An attractive attribute of this property is the ample amount of parking available. Included with the site are 2 highly convenient rear car parking spaces. This additional facility enhances the desirability of the office location for potential tenants, providing them with ease of access and an added level of convenience.
Adding to the investment allure of this property are the residential apartments situated on the upper floors. These flats provide an additional source of income and contribute to the potential for a diverse income stream.
An attractive attribute of this property is the ample amount of parking available. Included with the site are 2 highly convenient rear car parking spaces. This additional facility enhances the desirability of the office location for potential tenants, providing them with ease of access and an added level of convenience.
Adding to the investment allure of this property are the residential apartments situated on the upper floors. These flats provide an additional source of income and contribute to the potential for a diverse income stream.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
1,063 sq ft
Costar Property Class
C
Year Built
1900
Price
£150,000
Price per sq ft
£141.11
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
266 sq ft
Floor To Floor Height
10 ft
Plot ratio
0.77
Total Plot Size
0.03 ac
Parking
2 Spaces (1.88 Spaces per 1,000 sq ft Leased)
AMENITIES
- Courtyard
- Security System
- Storage Space
- Smoke Detector
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56 Frederick St
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