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Hylton Park 18,568 sq ft 89% Let Office Property Sunderland SR5 3HD £2,250,000 (£121.18/sq ft) 8.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominent location on desirable business park
- Excellent transport links nearby
- Excellent transport links with easy access to city centre.
EXECUTIVE SUMMARY
Multi-Let Office Investment For Sale: Offers of £2,250,000 reflecting an initial yield of 8.25%.
The Freehold site extends to approx. 1.5 acres (0.61 hectares). There are currently 76 car parking spaces.
The Freehold site extends to approx. 1.5 acres (0.61 hectares). There are currently 76 car parking spaces.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
18,568 sq ft
Costar Property Class
C
Year Built
2005
Price
£2,250,000
Price per sq ft
£121.18
Yield
8.25%
NOI
£185,625
Occupancy Rate
89%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
9,284 sq ft
Floor To Floor Height
12 ft
Plot ratio
0.06
Total Plot Size
6.94 ac
Parking
67 Spaces (3.61 Spaces per 1,000 sq ft Leased)
AMENITIES
- Accent Lighting
- EPC - C
- Roller Shutters
- Central Heating
- DDA Compliant
- Demised WC facilities
- High Ceilings
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- CONDITION
- AVAILABLE
The self contained unit is suitable for a variety of high-tech and office users providing an open plan layout around a central service core. All units have allocated on-site car parking within an attractive landscaped setting.
| Space | Size | Space Use | Condition | Available |
| Ground-Ste 3B | 2,033 sq ft | Office | Full Fit-Out | Now |
Ground-Ste 3B
| Size |
| 2,033 sq ft |
| Space Use |
| Office |
| Condition |
| Full Fit-Out |
| Available |
| Now |
Ground-Ste 3B
| Size | 2,033 sq ft |
| Space Use | Office |
| Condition | Full Fit-Out |
| Available | Now |
The self contained unit is suitable for a variety of high-tech and office users providing an open plan layout around a central service core. All units have allocated on-site car parking within an attractive landscaped setting.
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Hylton Park
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