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Horden Labour Club Sunderland Rd 5,000 SF 100% Leased Retail Building Peterlee SR8 4PF $433,995 CAD ($86.80 CAD/SF) 6.03% Cap Rate

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Investment Highlights

Potential return of 21% on the guide price
Upstairs late-night venue fully refitted 2 years ago
Includes fully furnished 2-bedroom flat

Previous fully occupied income of £49,380 per annum
Includes 1,250 sq ft industrial unit / garage with recently laid concrete floor and electric shutters.

Executive Summary

The property at Sunderland Road, Horden, Peterlee, Durham, SR8 4PF is offered as a freehold asset management and investment opportunity via online auction, with a starting bid of £230,000. The asset includes a ground floor licensed social club, a first floor nightclub, a fully furnished 2-bedroom flat, and a 1,250 sq ft industrial unit / garage. The brochure states that the property has previously generated £4,155 per month, equivalent to £49,380 per annum, when fully occupied, representing a potential return of 21% on the guide price. Current income is stated as £13,860 per annum, with the flat let at £475 per month and the garage let at £170 per week on a 3-year lease running until August 2029.

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