Colima Avenue

Sunderland SR5 3XB
Under Offer
Colima Avenue
Sunderland SR5 3XB
  • Opportunity to acquire high yielding, modern single-let office buildings secured to strong tenants.  
  • Well located business park in close proximity to the A19 (via the A1231) and Sunderland City Centre.
  • Attractive Grade A offices constructed to a high specification
  • Freeholds extending to 28,453 sq ft and 29,165 sq ft, totaling 57,618 sq ft
  • Let on full repairing and insuring leases with 5 years term certain unexpired to TSB Bank Plc and Berghaus Limited guaranteed by Pentland Group.  
  • Total passing rent of £498,000 pa equating to £8.64 per sq. ft.

Offers in the region of £4,500,000 (Four Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT reflecting a net yield of 10.38% and a low capital value of £78.10 per sq ft assuming purchasers’ costs of 6.57%.

Consideration will also be given to individual sales. 

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