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12 Colima Ave 28,453 SF Office Building Sunderland SR5 3XB $4,935,370 CAD ($173.46 CAD/SF) 12.59% Cap Rate
Investment Highlights
- Modern, high-yielding single-let office investment
- Raised access flooring
- 4 pipe fan coil air conditioning
- 129 car parking spaces
- High divisible floorplates
Executive Summary
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.
The subject property is located on Colima Avenue; part of the wider Sunderland Enterprise Park, an established office, industrial and leisure destination located two miles from Sunderland city centre. Nearby occupiers include Northern Powergrid, Safecall, Helena Biosciences, Taylor Wimpey, Secon Renewables and BGL.
The subject property is accessed from the A1231 Sunderland Highway, which connects to the A19 2 miles to the west, linking in turn to the A1(M). 12 Colima Avenue lies within 0.5 miles of the Northern Spire Bridge which opened in 2018 and links the property directly to Sunderland City Centre.
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.
The subject property is located on Colima Avenue; part of the wider Sunderland Enterprise Park, an established office, industrial and leisure destination located two miles from Sunderland city centre. Nearby occupiers include Northern Powergrid, Safecall, Helena Biosciences, Taylor Wimpey, Secon Renewables and BGL.
The subject property is accessed from the A1231 Sunderland Highway, which connects to the A19 2 miles to the west, linking in turn to the A1(M). 12 Colima Avenue lies within 0.5 miles of the Northern Spire Bridge which opened in 2018 and links the property directly to Sunderland City Centre.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
28,453 SF
Building Class
B
Year Built
2000
Price
$4,935,370 CAD
Price Per SF
$173.46 CAD
Cap Rate
12.59%
NOI
$621,491 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
14,421 SF
Slab To Slab
11’
Building FAR
0.31
Lot Size
2.12 AC
Parking
129 Spaces (4.53 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Kitchen
- Storage Space
- Central Heating
- Direct Elevator Exposure
- Natural Light
- Open-Plan
- Partitioned Offices
- Secure Storage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Wholesaler
- -
-
$9.99
-
Jan 0000
Provider of outdoor clothing, equipment and gear since 1966. A global brand with a presence in 45 countries and its main headquarters in the UK. Berghaus was founded by keen climbers Peter Lockey and Gordon Davison in Newcastle, UK and was acquired by Pentland Group PLC in 1993 it still has its headquarters in the North East, in Sunderland
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Wholesaler | - | $9.99 | Jan 0000 |
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12 Colima Ave
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