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9 Front St

1,976 SF 100% Leased Retail Building Sherburn Hill DH6 1PA $356,310 ($180.32/SF) 10.17% Cap Rate

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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.

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

$356,310

Price Per SF

$180.32

Cap Rate

10.17%

NOI

$36,237

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.89

Lot Size

0.05 AC

Frontage

34’ on Front Street

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