Shaw Buildings, Deptford Terrace, Sunderland, Tyne and Wear, SR4 6DD
Occupying a prominent and visible position fronting the Sunderland Strategic Transport Corridor.
Deptford Terrace is a well-established commercial location within 0.5 miles of Sunderland city centre.
Buildings extending to 55,199 sq. ft (5,128 sq. m) or thereabouts.
Site area of approximately 3.0 acres (1.21 ha)
The main building has been internally divided, and is multi-let.
Numerous tenants are close to lease expiry on Ex Act leases.
Low average passing rent of £1.46 psf which is (ERV of approx. £3.46 psf).
Total passing income of £80.640 pa exc.
Not elected for VAT
Chris Donabie
Interested in this property?
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Fergus Laird
Interested in this property?
Please contact me
Location
The property is located on the established Deptford Terrace in Sunderland. Sunderland is situated 12 miles north-east of Durham and 10 miles south-east of Newcastle upon Tyne, at the mouth of the River Wear.
Sunderland City Centre is approximately 0.5 miles to the south, the A19 is approximately 3 miles to the west, and the Tyne Tunnel is 5 miles to the north west.
The subject property lies at the junction between Deptford Terrace and the A1231 Sunderland Strategic Transport Corridor (SSTC) which provides direct access to nearby Sunderland City Centre.
The surrounding area is characterised by industrial uses, housing and out-of-town retail.
Description
The property comprises a self-contained steel portal framed facility with an original building to the front - which has been sub-divided - and an adjoining warehouse unit (unit 6) to the rear. The buildings have a mix of concrete, profile metal cladding and glazed elevations. The majority of the roof is flat felt decked and north-lit incorporating Georgian wired glass panels. There is a further roof area which is flat metal decked, with the rear warehouse area having a dual-pitched roof with corrugated asbestos cement covering.
The main building has a clear eaves height of 6m with the rear warehouse having a clear height of 4m (to the haunch), rising to 6.4m at the eaves and 8.4m at the apex.
There is a further semi-detached block (units 8 & 9) adjacent to the main building with a flat grp roof, which is leased to individual occupiers.
Externally there is yard/parking to the front of the property off the A1231, with further yard and parking off Deptford Terrace in front of units 5 & 6. In addition there are flat grassed areas that may provide potential for future yard or building extension.
