12 Colima Avenue, Sunderland Enterprise Park, Sunderland, SR5 3XB
- SIZE AVAILABLE
28,453 sq ft
2,643 sq m
- SECTOR
Office for sale
Key features
- Modern, high-yielding single-let office investment.
- Fully let to Berghaus Ltd on a renewed lease expiring 01 June 2028 at a rent passing of £340,000 per annum (£11.95 per sq ft).
- Guaranteed by the strong covenant of Pentland Group Ltd.
- High level of tenant capex demonstrating long term commitment.
- Prominent 2.14 acre freehold site in an established commercial location.
- Offers sought in excess of £2,700,000 (Two Million, Seven Hundred thousand pounds) reflecting a Net Initial Yield of 11.83% after purchaser’s costs of 6.41% and a low capital value of £95 per
- The property is held in a clean UK SPV which can be acquired.
Description
Base build is steel frame construction with masonry elevations and double glazed aluminium fenestration. Roof covering is profiled metal cladding.
Sunderland is a coastal city in the North East of England, strategically positioned between Newcastle upon Tyne and Durham and forming a key part of the wider Tyne and Wear urban area, which gives occupiers access to a substantial regional labour pool of well over one million people within a short commute.
The city itself has a population of roughly 275,000, providing a meaningful local workforce while also drawing from surrounding towns across Wearside and South Tyneside. Connectivity is a key strength: Sunderland benefits from direct access to the A19 north–south corridor and the A1(M) via the A690, linking efficiently to Newcastle, Teesside and Yorkshire.
The city is also served by the Tyne and Wear Metro with connections into Newcastle city centre and Newcastle International Airport, alongside national rail services with a quickest commute to London Kings Cross of 3 hours and 30 minutes.
Brochures
12 Colima Avenue, Sunderland Enterprise Park, Sunderland, SR5 3XB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Hylton Metro Station1.0 miles
- Pallion Metro Station0.8 miles
- Millfield Metro Station1.2 miles
Notes
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