Offers in region of
£575,000
(£54.47/sq. ft)
Property for saleLynas House, 12, Frederick Street, Sunderland SR1
10,556 sq. ft
Available immediately
Freehold
About this property
Modern city centre offices in main professional area
With development potential STP*
Totalling 10,551 ft2 (980 m2)
Current secure total income £67,973
Attractive Net Initial Yield 10% overall
Low Capital Value £64 ft2
Opportunity for staged Vacant Possession of ff and sf
Lynas House is arranged over 3 floors and was
refurbished in 2009 including replacement of all
external windows and the installation of passenger
lift serving the first and second floors from a selfcontained
access lobby.
Lynas House is a modern 3 storey office building
located at the junction of Frederick Street and
Athenaeum Street within the main professional area.
Occupiers within close proximity include TSB
Bank and Grand Central and the property is within
walking distance of Sunderland Station which has
recently been the subject of a multimillion-pound redevelopment
programme.
Modern city centre offices in main professional area
With development potential STP*
Totalling 10,551 ft2 (980 m2)
Current secure total income £67,973
Attractive Net Initial Yield 10% overall
Low Capital Value £64 ft2
Opportunity for staged Vacant Possession of ff and sf
refurbished in 2009 including replacement of all
external windows and the installation of passenger
lift serving the first and second floors from a selfcontained
access lobby.
Lynas House is a modern 3 storey office building
located at the junction of Frederick Street and
Athenaeum Street within the main professional area.
Occupiers within close proximity include TSB
Bank and Grand Central and the property is within
walking distance of Sunderland Station which has
recently been the subject of a multimillion-pound redevelopment
programme.
Modern city centre offices in main professional area
With development potential STP*
Totalling 10,551 ft2 (980 m2)
Current secure total income £67,973
Attractive Net Initial Yield 10% overall
Low Capital Value £64 ft2
Opportunity for staged Vacant Possession of ff and sf
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