Freehold Unbroken Retail Parade Investment

Freehold Unbroken Retail Parade Investment

Address

33 - 41 Allendale Road, Farringdon, Sunderland, Tyne & Wear SR3 3DE

Auction date

23 Apr 2025

Guide price

£275,000

Type

Commercial

Tenure

Freehold

EPC Rating

Unknown

Auctioneer

Savills

Description

This property consists of a continuous retail parade with five shops and separate upper parts that are let to three different tenants. The total area spans approximately 874.98 sq m (9,418 sq ft). It features a long weighted average unexpired lease term (WAULT) of 17.28 years and offers potential for asset management by renting out the two vacant units.

  • Investment currently let at £38,000 per annum, reflecting a 13.69% return based on the guide price.

Last update: 08 Apr 2025

Freehold Unbroken Retail Parade Investment - Property Auctions UK