Gleneagles Road, Sunderland SR4

This property presents a notable investment and development prospect in the Grindon area of Sunderland. Featuring seven distinct commercial units along with a three-bedroom flat, it boasts a strong rental history with established tenants including a dance studio, takeaway, convenience store, Pilates studio, and carwash. Each unit is secured under FRI leases with reliable local businesses, ensuring steady income generation. The three-bedroom flat above the commercial space adds an additional layer of income, currently yielding £8,400 annually. Overall, the property has a total rental income of £64,200 per year, equating to an appealing yield just over 10%. The expansive site spans approximately 2,495 sqm and is set amid thriving residential communities. There is significant potential for future redevelopment or expansion into residential housing to meet the increasing demand for new homes in the area—subject to necessary planning permissions. This opportunity allows for strategic investment within a rapidly evolving market.