*Guide | £500,000 (plus fees)
- Commercial Property
- Tenure: Freehold
Call the team on 0191 908 9691 for more information
Commercial Investment Opportunity Currently Part Let and Achieving £77,000 Per Annum. Potential To Generate 100K+ With Uplifts and Last Unit Let. Immediate Income. Immediate Growth. Immediate Opportunity A Rare 18% Yield in the North East Commercial Market.
Herrington Burn House offers investors a rare opportunity to acquire a well-presented, multi-let commercial property with a strong income profile and significant short-term uplift potential. The site is currently home to multiple established tenants, producing £77,000 per annum, with only one vacant unit. A prospective occupier has already been identified for this space, which will generate an additional £16,000 per annum once let—boosting the total rental income to £93,000 per annum. Key Highlights -Attractive High Yield – 15.4% NIY based on current income, rising to 18.6% when fully let -Diversified Income Stream – multi-let to multiple occupiers, reducing vacancy risk -Immediate Value Uplift – tenant interest in final vacant unit in early negotiation stages -Strategic Location – excellent access to Sunderland, Durham, Newcastle and the A1(M) -Asset Management Potential – scope for rental growth through lease renewals and re-gearing The Opportunity With its strong passing rent, immediate reversionary potential, and high yield profile, Herrington Burn House is an ideal acquisition for investors seeking robust returns from day one. The property’s multi-let configuration ensures stable income, while the short-term letting of the remaining unit offers a clear route to enhanced returns.
Tenure
Freehold
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Sunderland City Council
Solicitors
Sweeney Miller Solicitors, Mowbray Villas, Ref: Sweeney Miller Solicitors, Tel: 0191 568 2050
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 1.2% inc VAT of the purchase price, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Floor Plans
Click the image to view the full-sized floorplan.
