Property overview

Riverside House, Colima Avenue, Sunderland SR5 3XB

Make an enquiry
£1,550,000
Feb 2024

NorthCap have successfully sold this office investment in Sunderland on behalf of a property company.

The asset comprised a 29,165 sq ft purpose-built two storey office building located in the Hylton Riverside area of Sunderland

the property was fully let to TSB Bank PLC  until 31 May 2025 at a passing rent of £213,000 per annum.

We acted on behalf of Colima Avenue Limited, with the buyer being Cable Properties and Investments, represented by Parker Knights

The property sold for £1.55M, equating to a net initial yield of 12.95%.