Lynas House, 12, Frederick Street, Sunderland, SR1 1NA

Offers in region of

£575,000

Size

10,556

Tenure

Freehold

EPC

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Parking

4

Primary use
Mixed use
Other use(s)
Traditional office, High street retail, Other

No floor / site plan

Key features

  • 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

Description

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
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Lynas House, 12, Frederick Street, Sunderland, SR1 1NA

NEAREST STATIONS

National Rail

Sunderland Station

0.13 miles

London Tram

Park Lane Metro Station

0.44 miles

London Tram

St Peter's Tram Stop

0.51 miles

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Disclaimer - Property reference 53773FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Graham & Sibbald, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.