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9 Front St

1,976 SF 100% Leased Retail Building Sherburn Hill DH6 1PA $346,544 ($175/SF) 10.17% Cap Rate

INVESTMENT HIGHLIGHTS

  • Opportunity to acquire a mixed-use Investment
  • Current passing rent of £28,500 per annum
  • 10.17% Gross Yield
  • Let to 3 independent retail occupiers and First Floor Residential Apartment
  • Total size of circa 2,000 ft²
  • Car parking opposite

EXECUTIVE SUMMARY

The subject property is an end terrace brick-built building that comprises of a ground floor retails unit.
The property is located approximately 4 miles East of Durham City and 13 miles South West of Sunderland. It is situated in the centre of the village on the main through road. The area is predominantly residential although there is a commercial presence to the north. There is a mix of retail uses in Sherburn including a hairdresser, barber and a large furniture store. Directly behind the site is 81 new build residential homes.

ATTACHMENTS

9 Front Street

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,976 SF
Year Built
1990
Price
$346,544
Price Per SF
$175
Cap Rate
10.17%
NOI
$35,244
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.89
Lot Size
0.05 AC
Frontage
34 FT on Front Street
  • Listing ID: 33201045

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 9 Front St, Sherburn Hill DH6 1PA

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