Sunday, April 06, 2024
Standard Life sells freehold in Sunderland
Standard Life, advised by Churston Heard, has sold the freehold investment of 241-246 High Street West, Sunderland to a private investor for £4,200,000, reflecting a net initial yield of 6%.
The parade of three retail properties totals approximately 23,000 sq ft (2,136 sq m) and is let to three national retailers - Priceless Shoes, Evans and DSG.
The property produces a total annual income of £267,750.
The parade of three retail properties totals approximately 23,000 sq ft (2,136 sq m) and is let to three national retailers - Priceless Shoes, Evans and DSG.
The property produces a total annual income of £267,750.
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