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Lynas House 12-16 Frederick St 10,551 SF 64% Leased Retail Building Sunderland SR1 1NA $766,748 ($72.67/SF) 12.17% Cap Rate
Investment Highlights
- Modern city centre offices in main professional area.
- Totalling 10,551 ft2 (980 m2).
- Attractive Net Initial Yield 10% overall.
- Opportunity for staged Vacant Possession of FF and SF.
- With development potential STP*.
- Current secure total income £67,973.
- Low Capital Value £64 ft2.
Executive Summary
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 re- development programme.
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 self- contained access lobby.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$93,307
|
$8.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$93,307
|
$8.84
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $93,307 |
| Annual Per SF | $8.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $93,307 |
| Annual Per SF | $8.84 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Corner Lot
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This first-floor office suite at Lynas House has been fully refurbished to a high standard with new carpeting, redecoration, and comfort cooling. Offering an open-plan layout supported by kitchen, WCs, and a platform lift, the suite is designed for modern professional use. Situated in Sunderland’s main professional district, it benefits from immediate occupation and excellent transport accessibility.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,836 SF | Office | - | Now |
1st Floor
| Size |
| 3,836 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 3,836 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
This first-floor office suite at Lynas House has been fully refurbished to a high standard with new carpeting, redecoration, and comfort cooling. Offering an open-plan layout supported by kitchen, WCs, and a platform lift, the suite is designed for modern professional use. Situated in Sunderland’s main professional district, it benefits from immediate occupation and excellent transport accessibility.
Nearby Major Retailers
Presented by
Lynas House | 12-16 Frederick St
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