High yielding regional HQ office investment fully let to a secure covenant (Berghaus Ltd) - For Sale
Summary
- Modern, high-yielding single-let office investment.
- Fully let to Berghaus Ltd on a renewed lease expiring 01 June 2028 at a rent passing of £340,000 per annum (£11.95 per sq ft).
- Guaranteed by the strong covenant of Pentland Group Ltd.
- High level of tenant capex demonstrating long term commitment.
- Prominent 2.14 acre freehold site in an established commercial location.
- Offers sought in excess of £2,700,000 (Two Million, Seven Hundred thousand pounds) reflecting a Net Initial Yield of 11.83% after purchaser’s costs of 6.41% and a low capital value of £95 per sq ft.
- The property is held in a clean UK SPV which can be acquired.
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Ground Floor | 14,421 | 1,339.75 | Let |
| 1st - First Floor | 14,032 | 1,303.62 | Let |
| Total | 28,453 | 2,643.37 |
Location
Sunderland is a coastal city in the North East of England, strategically positioned between Newcastle upon Tyne and Durham and forming a key part of the wider Tyne and Wear urban area, which gives occupiers access to a substantial regional labour pool of well over one million people within a short commute.
The city itself has a population of roughly 275,000, providing a meaningful local workforce while also drawing from surrounding towns across Wearside and South Tyneside. Connectivity is a key strength: Sunderland benefits from direct access to the A19 north–south corridor and the A1(M) via the A690, linking efficiently to Newcastle, Teesside and Yorkshire.
The city is also served by the Tyne and Wear Metro with connections into Newcastle city centre and Newcastle International Airport, alongside national rail services with a quickest commute to London Kings Cross of 3 hours and 30 minutes.
Get directions from Google Maps
Mainline Stations
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Sunderland41 mins
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Heworth105 mins
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Seaham123 mins
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Chester-Le-Street139 mins
Underground Station
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Chesham4334 mins
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Amersham4376 mins
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Broxbourne4378 mins
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Chalfont and Latimer4390 mins
Further Information
Price Offers in excess of £2,700,000
Rates Payable Upon Enquiry
Service Charge n/a
EPC Rating This property has been graded as C (61)
Description
12 Colima Avenue comprises a 2000-build detached two storey office occupying an extensive site with direct access from the roundabout junction of Colima Avenue and Timber Beach Road. The property provides highly flexible floorspace across two floors with a central double height entrance foyer. The internal tenant fit out is extensive, reflecting the tenant’s corporate branding alongside unique features including a repair facility and photography studio.
Base build is steel frame construction with masonry elevations and double glazed aluminium fenestration. Roof covering is profiled metal cladding.
Gallery
