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12 Sunderland St 3,400 sq ft 100% Let Retail Property Houghton Le Spring DH4 4BD £90,000 (£26.47/sq ft) 13.33% Net Initial Yield
INVESTMENT HIGHLIGHTS
- The subject premises is a two storey, three floor traditional brick constructed building with a NEW pitched roof.
- We are advised the the second floor flat is vacant
- The property consists of a hot food takeaway to the ground floor, 1x flat to the first floor and 1 x flat to the second floor.
EXECUTIVE SUMMARY
Mixed use investment for sale- The ground floor and first floor is currently let on a 18 year lease commencing 1st April 2013 with a passing rent now of £12,000 per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,400 sq ft
Costar Property Class
C
Year Built
1960
Price
£90,000
Price per sq ft
£26.47
Yield
13.33%
NOI
£12,000
Occupancy Rate
100%
Number of Floors
2
AMENITIES
- Courtyard
1 1
NEARBY MAJOR RETAILERS
1 of 2
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MATTERPORT 3D EXTERIOR
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12 Sunderland St
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