Sunderland Bridges_Property for Sale
Sunderland Bridges_Property for Sale
The Bridges, Sunderland, Tyne & Wear, SR1 3DR, UK

Sunderland Bridges

Asset Description

The Bridges is a dominant enclosed town centre scheme comprising approximately 595,000 sq ft of retail accommodation set across 99 units. There is

a dynamic mix of tenants in occupation including national multiple retailers such as TK Maxx, Primark, New Look, H&M and Iceland. Footfall at The Bridges across 2022 was in excess of 11 million which represented a 16.4% increase on 2021 levels and was 7.5% above UK average shopping centre footfall growth. There has been further growth of 2.2% in the year to date. These numbers illustrate the rebound in footfall numbers post-COVID and indicate that visitor numbers are returning to pre-COVID levels of 13.75m. The council-owned covered market also

sits within The Bridges.



Asking price
SEK 517,484,000
Building area net
55,277 m²
Year built
Cap rate
SEK 66,242,000


Investment Highlights

Situated in the heart of Sunderland City Centre, The Bridges dominates the city’s retail offering and comprises the majority of Sunderland’s retail floorspace

 High footfall in excess of 11 million across 2022 with a weekly average of 211,000 visitors

 Footfall increased by 16.4% in 2022 and has grown by a further 2.2% for the year to date in 2023

 The Bridges provides a range of unit sizes offering a good variety of floor plates for prospective occupiers

 The retail offering is tailored to the demographic in Sunderland with the scheme anchored by two discount fashion retailers; Primark and TK Maxx

 Proven occupier appetite with 45 deals agreed since 2020 and over 50 national multiples in occupation

 The Bridges currently produces a contracted income of £8,038,666 per annum and a net income of £4,787,477 per annum

 WAULT of 4.0 years to expiry and 3.3 years to break with 64% of income secured to the top ten tenants

 Total business rates payable for The Bridges reduced by 38% as of April 2023 which will assist future rental growth prospects

 Sunderland City Council are a pro-active public body with a strong track record of attracting and contributing towards investment and development in the city

 Sunderland City Council have secured public and private funding for the £223m re-development of ‘Riverside Sunderland’ which will drive footfall around The Bridges

 Opportunity to benefit from future capital value and rental growth as well as increased occupier appetite resulting from the Sunderland County Council re-development plans.

Contact brokers

Sunderland Bridges (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
16 May 2024