TypeOffice Investments

SR1 Lynas House, 12 Frederick Street, Sunderland

TenureFor sale

Lynas House, 12 Frederick Street, Sunderland, SR11/6

Specification

Building size
Building size10,556sqft
Property type
Property typeOffice Investments
Tenure
TenureFor sale

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 self contained access lobby.

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

Location

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.

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