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