Retail premises for sale

Midmoor Road, Sunderland SR4

Freehold Commercial Premises – £49,950 – Potential 10%+ Yield

Enquire quoting ref 25382 to book a viewing online and connect to the local agent.

An opportunity to purchase an affordable freehold commercial premises situated on Midmoor Road in the established residential area of Pallion, Sunderland. The property was previously used as a funeral director’s office and would suit a range of alternative commercial uses, subject to any necessary permissions.The premises may appeal to owner occupiers looking for low-cost business premises or investors seeking a strong return from a small commercial asset.Based on the asking price of £49,950, the property is expected to achieve a rental income in the region of £100 – £125 per week (£5,200 – £6,500 per annum), representing a potential gross yield of approximately 10.4% – 13%, making it an attractive opportunity for commercial investors.The property is located within a well-established residential neighbourhood, providing good local footfall and convenient access to nearby amenities and transport links.Key FeaturesFreehold commercial premisesAsking price: £49,950Previously used as a funeral director’s officeSuitable for a range of commercial uses (subject to consent)Expected rent £100 – £125 per weekPotential gross yield approx. 10.4% – 13%Located within a populated residential areaIdeal for investors or owner occupiersTenure: FreeholdEarly viewing is recommended to appreciate the investment potential this property offers.

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Disclaimer:

Sales: The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Council tax rates have been obtained via the owner or and should be verified by your solicitor on purchase.

Lettings: The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Referencing requirements will apply, a holding deposit of 1 weeks rent and a full deposit of up to 5 weeks rent. Council tax rates have been obtained via the owner or and should be verified prior to entering a tenancy agreement.