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8 Maritime Ter 7,479 sq ft 100% Let Retail Property Sunderland SR1 3JT £90,000 (£12.03/sq ft)
INVESTMENT HIGHLIGHTS
- Freehold Retail Opportunity in Prime Pitch Next to The Bridges Shopping Centre
- ERV believed to be in the region of £60,000 pa (£8 psf)
- Prime retailing pitch next to the main entrance of The Bridges Shopping Centre
- 200 metres from Sunderland Train Station
- Let at a nil rent
- Comprises approximately 694.88 sq m (7,479 sq ft)
- Let to Sunderland Furniture Clearance Centre Limited at a nil rent
- Asset management opportunity to increase rent
- Low capital value per square foot (£12 psf)
EXECUTIVE SUMMARY
The property comprises a freehold two storey building arranged as a ground floor shop with ancillary upper parts.
PROPERTY FACTS Under Offer
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
7,479 sq ft
Year Built
1965
Price
£90,000
Price per sq ft
£12.03
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.32
Total Plot Size
0.54 ac
Frontage
66 ft on Maritime Ter
AMENITIES
- Roller Shutters
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Durham Bed & Furniture Centre
- -
- 7,479 sq ft
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Durham Bed & Furniture Centre | - | 7,479 sq ft | - | - |
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NEARBY MAJOR RETAILERS
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8 Maritime Ter
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