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12 Sunderland St 3,400 SF 100% Leased Retail Building Houghton Le Spring DH4 4BD $167,594 CAD ($49.29 CAD/SF) 13.33% Cap Rate
INVESTMENT HIGHLIGHTS
- The subject premises is a two storey, three floor traditional brick constructed building with a NEW pitched roof.
- We are advised the the second floor flat is vacant
- The property consists of a hot food takeaway to the ground floor, 1x flat to the first floor and 1 x flat to the second floor.
EXECUTIVE SUMMARY
Mixed use investment for sale- The ground floor and first floor is currently let on a 18 year lease commencing 1st April 2013 with a passing rent now of £12,000 per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,400 SF
Building Class
C
Year Built
1960
Price
$167,594 CAD
Price Per SF
$49.29 CAD
Cap Rate
13.33%
NOI
$22,346 CAD
Percent Leased
100%
Building Height
2 Stories
AMENITIES
- Courtyard
1 1
NEARBY MAJOR RETAILERS
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12 Sunderland St
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