Commercial property for sale in Investment Opportunity For Sale In Sunderland, Tecaz House, Ryhope Street South, Sunderland SR2
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Property description
Key Points
Description
The subject property comprises a two storey, steel framed building with brick infill walls and was constructed approximately 45 years ago in 1978. The property also has a flat metal deck roof with fibreboard insulation, the roof is felt covered and sits behind a brick parapet. OneGym have done a full and thorough fitout of the entire internal area of the property. The site is regularly shaped with a slight easterly fall as well as there being a plentiful car park to the east elevation. The land surrounding the building is generally tarmacked surfaced and is used for car parking and external storage.
Location
The property is situated on Ryhope Street South in the Ryhope area of Sunderland and lies 3 miles south of the City Centre. The immediate vicinity is largely residential, being a mix of low value private and local authority housing. The subject property benefits from excellent local amenities including Asda and Iceland to the immediate east of the premises. Ryhope is easily accessed from Sunderland City Centre and is also well located in close proximity to both the A19 and A1(M).
Terms
Asking price of £1,125,000 (One Million One Hundred and Twenty Five Thousand Pounds) which represents a net effective yield of 7.98% taking into account reasonable purchasers’ costs at 5.87%.
Availability_Text
The accommodation comprises the following areas:
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Sanderson Weatherall, NE1 on +44 191 686 1494 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sanderson Weatherall, and do not constitute property particulars. Please contact Sanderson Weatherall for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.