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12 Fawcett St, Sunderland SR1 1SJ – Sunderland

Shop, retail unit for sale

£750,000 1,214 sq ft

Bradley Hall
Contact name
Michael Mcghin
Full address
12 Fawcett Street, Sunderland, Tyne and Wear SR1 1SJ – Sunderland
Contact details

020 *** ****

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Property type
Shop, retail unit for sale
Asking price
£750,000
Features
Train transport, Transport
Size
1,214 sq ft
Tenure
Freehold
NIY (%)
8.4

Investment Opportunity Size (basement) 112.8m² (1,214ft²) Size (Ground floor) 112.8m² (1,214ft²) City Centre Location EPC Rating D51 Ideal Location Passing rent of £70,200 per annum We are instructed to seek a price of £800,000 equating to a net initial yield of 8.4% assuming purchasers’ costs at %.
The subject to property is situated in the heart of Sunderland City Centre. Due to the property being in the City Centre this brings a high rate of pedestrian footfall. The property also benefits from a good passing trade, due to the direct bus routes and Sunderland Train Station being a short distance away. The premises occupies a prominent location, with various large retailers located nearby, such as Lloyds and Barclays Bank also the Bridges Shopping Centre.
The subject is an investment opportunity which forms as part of a four-storey mid terraced brick building in the heart of Sunderland City Centre. Part of the sale will form the sale and lease back on ground floor retail accommodation.
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