Azure House 2 Azure Ct 6,377 SF Office Building Sunderland SR3 3BE $904,785 ($141.88/SF) 9.01% Cap Rate
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%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
6,377 SF
Building Class
B
Year Built
2000
Price
$904,785
Price Per SF
$141.88
Cap Rate
9.01%
NOI
$81,521
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,427 SF
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