Shopping Centres for sale in NE28, Wallsend

Shopping Centres in NE28 available for sale

Shopping Centres for Sale Within 10 miles of the NE28, Wallsend

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.