Log In/Sign Up
Your email has been sent.
150 Gleneagles Rd 2,000 SF 100% Leased Retail Building Sunderland SR4 9QX $1,163,846 CAD ($581.92 CAD/SF) 10% Cap Rate
EXECUTIVE SUMMARY
The property is freehold and comprises of seven individual commercial units plus a three bedroom flat. Benefiting from a diverse and robust tenant mix, including a dance studio, takeaway, convenience store, Pilates studio, and carwash—each currently let on FRI leases to reputable local businesses.
Above the main commercial units, a self-contained three-bedroom flat is also included, currently generating £8,400 per annum in rental income. Together, the combined annual rental income for the entire property stands at an impressive £64,200, reflecting a highly attractive yield of just over 10% at the asking price. The entire site spans approximately 2,495 sqm, providing ample scope for commercial activity and possible future redevelopment, subject to the necessary planning consents.
The property is surrounded by established residential neighbourhoods and can also be, in future, redeveloped into a housing estate to capitalise on the ever growing demand for new homes.
Above the main commercial units, a self-contained three-bedroom flat is also included, currently generating £8,400 per annum in rental income. Together, the combined annual rental income for the entire property stands at an impressive £64,200, reflecting a highly attractive yield of just over 10% at the asking price. The entire site spans approximately 2,495 sqm, providing ample scope for commercial activity and possible future redevelopment, subject to the necessary planning consents.
The property is surrounded by established residential neighbourhoods and can also be, in future, redeveloped into a housing estate to capitalise on the ever growing demand for new homes.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
2,000 SF
Building Class
C
Year Built
2009
Price
$1,163,846 CAD
Price Per SF
$581.92 CAD
Cap Rate
10%
NOI
$116,385 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Lot Size
0.06 AC
Parking
20 Spaces (1.86 Spaces per 1,000 SF Leased)
Frontage
83’ on Gleneagles Road
1 1
NEARBY MAJOR RETAILERS
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
150 Gleneagles Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.