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Office Investment For Sale

Sunderland, UK
Asking Price:
£575,000
Turnover:
Undisclosed
Net Profit:
Undisclosed

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

Property Information

Property:

Freehold

Other Information

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