2 Azure Court, Doxford Business Park, Sunderland

Published by Si on

Office Investment – 2 Azure Court, Doxford International Business Park, Sunderland SR3 3BE March 2024Download
  • Modern high specification 592.4 sq m (6,377 sq ft) office building  
  • Let to DESCO (Design & Consultancy) Limited
  • Located on the 1,350,000 sq ft (125 acre) Doxford International Business Park
  • 15 year lease from 17th January 2023 (3 yearly tenant break options)
  • Tenant been in occupation since 2005
  • Rent £64,500 per annum (just £10.11 per sq ft)

We are instructed to seek offers of £680,000 (Six Hundred and Eighty Thousand Pounds), which reflects a net initial yield of 9.01% after purchaser’s costs at 5.26%.