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9 Front St 1,976 sq ft 100% Let Retail Property Sherburn Hill DH6 1PA £250,000 (£126.52/sq ft) 11.19% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Opportunity to acquire a mixed-use Investment
- Current passing rent of £28,500 per annum
- 10.17% Gross Yield
- Let to 3 independent retail occupiers and First Floor Residential Apartment
- Total size of circa 2,000 ft²
- Car parking opposite
EXECUTIVE SUMMARY
The subject property is an end terrace brick-built building that comprises of a ground floor retails unit.
The property is located approximately 4 miles East of Durham City and 13 miles South West of Sunderland. It is situated in the centre of the village on the main through road. The area is predominantly residential although there is a commercial presence to the north. There is a mix of retail uses in Sherburn including a hairdresser, barber and a large furniture store. Directly behind the site is 81 new build residential homes.
The property is located approximately 4 miles East of Durham City and 13 miles South West of Sunderland. It is situated in the centre of the village on the main through road. The area is predominantly residential although there is a commercial presence to the north. There is a mix of retail uses in Sherburn including a hairdresser, barber and a large furniture store. Directly behind the site is 81 new build residential homes.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,976 sq ft
Year Built
1990
Price
£250,000
Price per sq ft
£126.52
Yield
11.19%
NOI
£27,968
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.89
Total Plot Size
0.05 ac
Frontage
34 ft on Front Street
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9 Front St
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