Saint Johns House, Prospect Row, Sunderland, SR1 2BP
- PROPERTY TYPE
Commercial Property
- BEDROOMS
5
- BATHROOMS
5
- SIZE
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Key features
- View more: underthehammer.com
Description
For sale by Under the Hammer online auction on Tuesday 29th September 2026. Head over to our website to download the legal pack, register to bid and see more information.
A substantial freehold commercial investment producing £72,000 per annum, generating a gross yield of approximately 11.08% at the guide price, let on a 25-year Full Repairing and Insuring (FRI) lease with approximately 22 years unexpired. The lease benefits from three-yearly upwards-only rent reviews, providing a secure long-term income stream with excellent rental growth potential.
Saint Johns House comprises a substantial detached commercial property arranged over three floors, providing extensive accommodation currently configured to support its occupational use. The property incorporates a range of communal living and dining areas, office accommodation, ancillary storage, staff facilities, five bedrooms with en-suite facilities, additional kitchen and lounge accommodation, together with external yard areas, providing a well-configured operational layout for the tenant.
The property is fully let on the terms of a 25-year Full Repairing and Insuring (FRI) lease, leaving approximately 22 years unexpired. The lease provides for upwards-only rent reviews every three years, with the tenant responsible for repair and maintenance obligations under the lease, offering investors a secure, low-management asset with a strong covenant structure and the prospect of future rental growth.
Saint Johns House occupies a prominent position on Prospect Row within Sunderland city centre, benefitting from excellent access to a wide range of retail, leisure and public transport amenities. Sunderland Railway and Metro Station are within walking distance, whilst the nearby A19 and A690 provide excellent regional connectivity throughout the North East. Sunderland continues to benefit from significant regeneration and investment, reinforcing its position as a well-established commercial centre with strong long-term occupational demand.
Here's what to do next
- Visit - Our website and view the auction terms.
- View - Book a viewing directly through our website.
- Register - Get registered prior to the auction opening date.
- Legal Pack - Download and view the legal pack to find out all the relevant information.
- Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
- Bidding - Everything is completed online through the website and the intuitive bidding controls.
If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website
Brochures
Brochure 1Saint Johns House, Prospect Row, Sunderland, SR1 2BP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Sunderland Station0.7 miles
- St Peter's Tram Stop0.9 miles
- Park Lane Metro Station1.0 miles
Notes
Disclaimer - Property reference a0YQ400000ba2XTMAY. 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 Under The Hammer, Covering Nationwide. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Under The Hammer, Covering Nationwide on 03455 120115.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”