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Just added
Freehold
Offers in region of
£375,000
(£217.39/sq. ft)
Property for sale
Mixed Use Freehold Investment In Sunderland, 9-9A Sea Road, Roker, Sunderland SR61,725 sq. ft
Local area information
Property location
Nearby amenities
- Fulwell Infant School Academy 0.2 miles
- Fulwell Junior School 0.2 miles
- Sunderland 1.7 miles
- Newcastle International Ferry Terminal 5.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Investment Opportunity
- Size: 1,725 sq ft (160.30 sq m)
- Asking Price: £375,000
- Rental Income: £39,000 pax
- Subject to Contract
- Estimated Rates Payable: £5364.25
Description
The subject property comprises a ground floor hot food takeaway with kitchen, preparation area, internal storage and WC facilities, together with a self-contained residential flat at first floor level. Situated on the busy Sea Road parade, the property benefits from excellent visibility and consistently strong levels of passing trade. The property is currently let and trading as a hot food takeaway, making this a secure investment opportunity.
Location
The property is prominently located on Sea Road, one of the busiest retail and leisure parades in Sunderland. Sea Road serves as the main commercial hub for the surrounding residential areas, with a strong mix of national and independent retailers, cafes, bars and hot food takeaways. The area benefits greatly from increased footfall levels throughout the day, supported by a large local population, nearby schools and excellent transport links. Sunderland City Centre lies approximately 2 miles to the south and can be easily accessed by road or public transport, while the A19 is within close proximity, providing convenient access to the wider North East region.
The property is situated near the A1081, a key arterial road that provides easy access to Sunderland City Centre to the south as well as broader connections to surrounding areas. Seaburn Metro Station is within walking distance from the property and provides direct links to Sunderland City Centre and the wider South Tyneside area.
Terms
Offers in the region of £375,000 (Three Hundred & Seventy Five Thousand Pounds) are invited for the benefit of our client’s freehold interest, subject to contract.
A deal at this level reflects a Net Initial Yield (niy) of 10% after deducting purchasers costs at 4%.
Please note that our client reserves the right not to accept the highest or any offer received.
Tenancy
The property is let to Charcoal Fulwell Ltd on a 25 year Fri lease with effect from 28 April 2025 expiring on 27 April 2050. The current passing rent is £39,000 per annum exclusive of VAT and the lease incorporates an upwards only rent review pattern every 5 years of the term with the next review date scheduled to take place in 2030 whereby a minimum uplift of 10% has already been agreed increasing the rent to £42,900 pax. A full copy of the lease is available upon request.
The subject property comprises a ground floor hot food takeaway with kitchen, preparation area, internal storage and WC facilities, together with a self-contained residential flat at first floor level. Situated on the busy Sea Road parade, the property benefits from excellent visibility and consistently strong levels of passing trade. The property is currently let and trading as a hot food takeaway, making this a secure investment opportunity.
Location
The property is prominently located on Sea Road, one of the busiest retail and leisure parades in Sunderland. Sea Road serves as the main commercial hub for the surrounding residential areas, with a strong mix of national and independent retailers, cafes, bars and hot food takeaways. The area benefits greatly from increased footfall levels throughout the day, supported by a large local population, nearby schools and excellent transport links. Sunderland City Centre lies approximately 2 miles to the south and can be easily accessed by road or public transport, while the A19 is within close proximity, providing convenient access to the wider North East region.
The property is situated near the A1081, a key arterial road that provides easy access to Sunderland City Centre to the south as well as broader connections to surrounding areas. Seaburn Metro Station is within walking distance from the property and provides direct links to Sunderland City Centre and the wider South Tyneside area.
Terms
Offers in the region of £375,000 (Three Hundred & Seventy Five Thousand Pounds) are invited for the benefit of our client’s freehold interest, subject to contract.
A deal at this level reflects a Net Initial Yield (niy) of 10% after deducting purchasers costs at 4%.
Please note that our client reserves the right not to accept the highest or any offer received.
Tenancy
The property is let to Charcoal Fulwell Ltd on a 25 year Fri lease with effect from 28 April 2025 expiring on 27 April 2050. The current passing rent is £39,000 per annum exclusive of VAT and the lease incorporates an upwards only rent review pattern every 5 years of the term with the next review date scheduled to take place in 2030 whereby a minimum uplift of 10% has already been agreed increasing the rent to £42,900 pax. A full copy of the lease is available upon request.
More information
Listed by
Sanderson Weatherall
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