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12 Sunderland St 3,864 sq ft 100% Let Retail Property Houghton Le Spring DH4 4BD £90,000 (£23.29/sq ft) 13.33% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Easy access to the A690 Motorway
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
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,864 sq ft
Costar Property Class
C
Year Built
1960
Price
£90,000
Price per sq ft
£23.29
Yield
13.33%
NOI
£12,000
Occupancy Rate
100%
Number of Floors
2
Plot ratio
5.26
Total Plot Size
0.02 ac
AMENITIES
- Courtyard
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NEARBY MAJOR RETAILERS
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12 Sunderland St
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