
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