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Azure House 2 Azure Ct

6,377 SF Office Building Sunderland SR3 3BE £680,000 (£107/SF) 9% Net Initial Yield

Office Space Tyne And Wear Sunderland 2 Azure Ct, Sunderland, TWR SR3 3BE

Investment Highlights

  • Modern high specification 592.4 sq m (6,377 sq ft) office building
  • Tenant been in occupation since 2005
  • 15 year lease from 17th January 2023 (3 yearly tenant break options)

Executive Summary

Building available for sale as an investment for £680,000 (Six Hundred and Eighty Thousand Pounds), which reflects a net initial yield of 9.01% after purchaser’s costs at 5.26%.

Attachments

Office Investment - 2 Azure Court, Doxford International Business Park, Sunderland SR3 3BE

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
6,377 SF
Building Class
B
Year Built
2000
Price
£680,000
Price Per SF
£107
Net Initial Yield
9%
NOI
£61,200
Tenancy
Single
Number of Floors
2
Typical Floor Size
4,427 SF
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+44 191 743 0520

  • Listing ID: 28937053

  • Date on Market: 07/07/2023

  • Last Updated:

  • Address: 2 Azure Ct, Sunderland SR3 3BE

The Office Property at 2 Azure Ct, Sunderland, SR3 3BE is currently available For Sale. Contact MHPI Ltd for more information.

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Azure House | 2 Azure Ct
+44 191 743 0520 x

Azure House | 2 Azure Ct

James Metcalf

+44 191 743 0520

+44 191 743 0520

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