A substantial freehold commercial investment producing £72,000 per annum, generating a gross yield of approximately 11.08% at the guide price, let on a 25-year Full Repairing and Insuring (FRI) lease with approximately 22 years unexpired. The lease benefits from three-yearly upwards-only rent reviews, providing a secure long-term income stream with excellent rental growth potential.

Saint Johns House comprises a substantial detached commercial property arranged over three floors, providing extensive accommodation currently configured to support its occupational use. The property incorporates a range of communal living and dining areas, office accommodation, ancillary storage, staff facilities, five bedrooms with en-suite facilities, additional kitchen and lounge accommodation, together with external yard areas, providing a well-configured operational layout for the tenant.

The property is fully let on the terms of a 25-year Full Repairing and Insuring (FRI) lease, leaving approximately 22 years unexpired. The lease provides for upwards-only rent reviews every three years, with the tenant responsible for repair and maintenance obligations under the lease, offering investors a secure, low-management asset with a strong covenant structure and the prospect of future rental growth.

Saint Johns House occupies a prominent position on Prospect Row within Sunderland city centre, benefitting from excellent access to a wide range of retail, leisure and public transport amenities. Sunderland Railway and Metro Station are within walking distance, whilst the nearby A19 and A690 provide excellent regional connectivity throughout the North East. Sunderland continues to benefit from significant regeneration and investment, reinforcing its position as a well-established commercial centre with strong long-term occupational demand.