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Multi Million Pound Business Park Investment Sale Completes

news-10171tn250ft1470301056multi_million_pound_business_park_investment_sale_completed_chapter_houseActing on behalf of the vendors and the London offices of Deloitte Real Estate we were appointed in the sale of 2 substantial office buildings on Sunderland Enterprise Park. The 2 adjoining multi let buildings are located on the River Wear totalled 47,398 ft2 (4403 m2) and were 88.1% let to BGL Group Limited, a major player in the Home and Motor Insurance sector. The rental income stream totalled just over £402,000 per annum and a number of offers were initially received. After final offers were invited the buildings achieved a figure considerably in excess of the asking price of £3.2m.