Shopping Centres for sale in Houghton Le Spring, UK

Shopping Centres in Houghton Le Spring available for sale

Shopping Centres for Sale Within 5 miles of the Houghton Le Spring, UK

Durham Road Retail Park

Mixed Types for Sale
£10,250,000
3 Properties | Mixed Types

Sunderland Portfolio of properties for Sale

urham Road Retail Park, Sunderland, SR3 1TJ is a newly built, fully let convenience and roadside retail park producing a total passing rent of £627,500 per annum. The property is held freehold and extends to approximately 32,452 sq ft on a site of around 4.18 acres. The scheme is anchored by B&M Retail Ltd, which accounts for over 50% of the income, alongside a strong line-up of national and established covenants including Costa (drive-thru), Greggs, Westway Veterinary Centres, The Feel Good Group, M I Dickson and Fastned UK Ltd (EV charging). Approximately 71% of the income is secured to B&M and Costa on long 15-year leases, providing a robust and defensive income profile. The property benefits from a WAULT of approximately 14.7 years to expiry, with a favourable rent review structure incorporating a mix of open market and CPI/RPI-linked reviews, 34% of the income being index-linked. The EV charging element provides additional long-term, future-facing income with exclusivity granted across the site. Located on Durham Road (A690) in a densely populated residential area of Sunderland, the scheme occupies a prominent roadside position with excellent accessibility and strong local demand fundamentals. Sunderland benefits from significant ongoing regeneration and a diverse economic base anchored by major employers, including Nissan. Offers are sought in excess of £10,250,000, reflecting an attractive initial yield of 5.74% (after purchaser’s costs), offering secure, long-term income underpinned by strong covenants and built-in rental growth.