Sunderland – Fawcettt House

Project Details:

 

Built 1950/60’s
Area 76,640 sq ft
No. of floors 4
Tenant types Main Tenants – Sunderland Council & Weatherspoons
Purchased December 2014
Purchase price N/A
Rental income (net) £390,000 p.a.
Lease Expiry/Break Date 2019 & 2046
Sold N/A
Sale price N/A
Profit on disposal (net)
Overall contribution to profit
Fawcett House has a ground floor Weatherspoons and further ground floor retail unit let to Sunderland Council with upper office floors occupied by Sunderland Council the remaining top 2 floors are owned long leasehold by Sunderland Council. In the centre of Sunderland and close to Sunderland Council main HQ.  New coterminous leases agreed until November 2019 to Sunderland Council. Long lease to Weatherspoons. The upper floors have good potential for alternative uses such as residential/student accommodation.

Name:
Fawcettt House, Sunderland

Built:
1950/60’s

SqFt/Sq/M:
76,640 sq ft

No. Floors:
4

Purchased:
December 2014

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