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Spectrum 4 Spectrum Business Park 35,012 sq ft 4-Star Office Property Seaham SR7 7TT £2,600,000 (£74.26/sq ft) 7.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- A detached 3 storey Grade A office completed in 2008, extending to 3,253 sq m (35,012 sq ft) with 129 car parking spaces
- Situated in an area benefitting from significant commercial development and well placed for retail and leisure facilities
- Located on a site extending to 0.856 hectares (2.117 acres)
EXECUTIVE SUMMARY
Instructed to invite offers of £2,600,000 (Two Million Six Hundred Thousand Pounds) for the vendor's freehold interest.
PROPERTY FACTS In Escrow
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
35,012 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
2008
Price
£2,600,000
Price per sq ft
£74.26
Yield
7.50%
NOI
£195,000
Tenancy
Single
Number of Floors
3
Typical Floor Size
11,775 sq ft
Plot ratio
2.68
Total Plot Size
0.30 ac
Parking
129 Spaces (3.68 Spaces per 1,000 sq ft Leased)
AMENITIES
- Raised Floor
- Accent Lighting
- EPC - B
- Suspended Ceilings
- Air Conditioning
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Spectrum 4 | Spectrum Business Park
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