- 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.