Offers in region of
£575,000
Property for saleGleneagles Road, Sunderland SR4
Freehold
About this property
Rare investment and development opportunity
Freehold
Substantial site area
Spire Property Group and Consultants are pleased to introduce this rare investment and development opportunity located in Grindon, Sunderland. Rarely does an investment of this calibre and versatility come to the market, combining strong existing returns, long-standing tenants, and real potential for future growth and redevelopment. For investors seeking a high-yielding, low-maintenance asset in a fast-developing part of Sunderland, this is a truly compelling proposal.
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.
Viewings are strictly by appointment. Contact the office today to arrange a visit and discover more about this exceptional investment opportunity.
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.
Viewings are strictly by appointment. Contact the office today to arrange a visit and discover more about this exceptional investment opportunity.
Mortgage calculator
Monthly repayment
£2,876 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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