Sunderland Bridges
The Bridges, Sunderland, Tyne & Wear, SR1 3DR, UK
SGD 64,074,000 | 55,277 m²
Asset Description
- Prominent retail warehouse with excellent frontage
- Steel portal frame construction with brick elevations
- Providing 46,478 sq ft of accommodation on a 3.9 acre site
- 193 car parking spaces
...
Attributes
Asking price
SGD 8,969,000
Building area net
4,318 m²
Occupancy
100%
WAULT
10 years
Media
Investment Highlights
- Halifax is located in West Yorkshire approximately 16 miles from Leeds and 30 miles from Manchester.
- Situated in Halifax’s prime retail warehousing location with over 400,000 people within a 20 minute drive.
- Well configured store, comprising 46,478 sq ft (4,318 sq m).
- Let to CDS (Superstore International), who are rated 86/100 and designated as ‘very low risk’, until December 2034 with circa 10 years unexpired.
- Current rent of £418,455 per annum (£9.00 per sq ft).
- Site area of approximately 3.90 acres (1.58 ha) with 193 car parking spaces.
- Freehold.
Our client is seeking offers in excess of £5,235,000 (five million, two hundred and thirty-five thousand) subject to contract and exclusive of VAT. A purchase at this level reflects an initial yield of 7.50%, after the deduction of purchaser’s costs of 6.6%, with a capital value of £112 psf.
Contact brokers
The Range, Pellon Lane, Halifax (0 Properties)
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Last updated
21 May 2024
