£2,250,000
(£121.18/sq. ft)
Office for sale3 Hylton Park, Sunderland Enterprise Park, Sunderland SR5
18,568 sq. ft
About this property
Established multi let office investment
Fully let income producing asset - 8.25% initial yield
Prominent location on desirable business park
Annual Rent of £185,569
18,568 sq ft of high quality of office space
Excellent transport links with easy access to city centre
Covenant & Tenancy information is available upon request.
Location: Sunderland is located approximately 12 miles to the south east of Newcastle upon Tyne with a population of 275,506 people and a wider catchment area expanding to 420,268 people as of the 2011 census and thereby the most populous city in the north east of England.
Transport links to the city are good with instant access to the A19 trunk road providing access north and south throughout the region. There are direct trains to London with a journey time of approximately 3 hours 20 minutes whilst the Metro network provides access throughout the Tyne and Wear region.
Major employers within the region are located within Sunderland and include Nissan, Asda Group Plc, Avant Homes, Taylor Wimpey and Sunderland University.
Sunderland is an attractive place to live and work with the coast on the doorstep and a vast array of local amenities. And relatively low residential house values providing a great location for a reliable and productive workforce.
Situation: The subject property is situated in on the North Bank of the River Wear and to the south of Wessington Way the main arterial route into the city of Sunderland from the A19. The property therefore benefits from excellent river views in a very accessible and highly sought after location in Sunderland.
Neighboring occupiers include Royal Mail, Sainsburys, Everlast Gyms and Bupa Dental Care whilst Costa Coffee, Dunelm, Card Factory and Greggs are all in position on the neighboring Hylton Retail Park.
Site: The freehold site extends to approx. 1.5 acres (0.61 hectares)
There are currently 76 car parking spaces
EPCs: Ranging from b-c Ratings
Tenure: Freehold
VAT: The property is elected for VAT
Initial Yield: 8.25%. Potential reversionary yield of 8.98%
Rental Growth: Guaranteed rental growth with reversionary income on passing rent
Asking price: £2,250,000
Location: Sunderland is located approximately 12 miles to the south east of Newcastle upon Tyne with a population of 275,506 people and a wider catchment area expanding to 420,268 people as of the 2011 census and thereby the most populous city in the north east of England.
Transport links to the city are good with instant access to the A19 trunk road providing access north and south throughout the region. There are direct trains to London with a journey time of approximately 3 hours 20 minutes whilst the Metro network provides access throughout the Tyne and Wear region.
Major employers within the region are located within Sunderland and include Nissan, Asda Group Plc, Avant Homes, Taylor Wimpey and Sunderland University.
Sunderland is an attractive place to live and work with the coast on the doorstep and a vast array of local amenities. And relatively low residential house values providing a great location for a reliable and productive workforce.
Situation: The subject property is situated in on the North Bank of the River Wear and to the south of Wessington Way the main arterial route into the city of Sunderland from the A19. The property therefore benefits from excellent river views in a very accessible and highly sought after location in Sunderland.
Neighboring occupiers include Royal Mail, Sainsburys, Everlast Gyms and Bupa Dental Care whilst Costa Coffee, Dunelm, Card Factory and Greggs are all in position on the neighboring Hylton Retail Park.
Site: The freehold site extends to approx. 1.5 acres (0.61 hectares)
There are currently 76 car parking spaces
EPCs: Ranging from b-c Ratings
Tenure: Freehold
VAT: The property is elected for VAT
Initial Yield: 8.25%. Potential reversionary yield of 8.98%
Rental Growth: Guaranteed rental growth with reversionary income on passing rent
Asking price: £2,250,000
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