Property for sale

For sale via livestream auction on Tuesday 09th September commencing from 12pm with Auction House North East

Please register to bid via our website - auctionhouse.co.uk/northeast

Commercial Investment Opportunity
Currently Part Let and Achieving £77,000 Per Annum.
Potential To Generate 100K+ With Uplifts and Last Unit Let.
Immediate Income. Immediate Growth. Immediate Opportunity
A Rare 18% Yield in the North East Commercial Market.

Herrington Burn House offers investors a rare opportunity to acquire a well-presented, multi-let commercial property with a strong income profile and significant short-term uplift potential.

The site is currently home to multiple established tenants, producing £77,000 per annum, with only one vacant unit. A prospective occupier has already been identified for this space, which will generate an additional £16,000 per annum once let—boosting the total rental income to £93,000 per annum.

Key Highlights

-Attractive High Yield – 15.4% NIY based on current income, rising to 18.6% when fully let

-Diversified Income Stream – multi-let to multiple occupiers, reducing vacancy risk

-Immediate Value Uplift – tenant interest in final vacant unit in early negotiation stages

-Strategic Location – excellent access to Sunderland, Durham, Newcastle and the A1(M)

-Asset Management Potential – scope for rental growth through lease renewals and re-gearing

The Opportunity
With its strong passing rent, immediate reversionary potential, and high yield profile, Herrington Burn House is an ideal acquisition for investors seeking robust returns from day one. The property’s multi-let configuration ensures stable income, while the short-term letting of the remaining unit offers a clear route to enhanced returns.

Tenure: Freehold

Administration Fee: 1.2% inc VAT of the purchase price, payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.