News
Nissan & Avant Homes Investment Acquired for Client
We are very pleased to confirm that in October 2018 Johnson Tucker acquired this multi let office investment on Sunderland Enterprise Park let to undoubted tenants Nissan and Avant Homes for a North East based Property Company.
The property is well located within Sunderland Enterprise Park, an established office and business park approximately 3 miles north-west of Sunderland city centre. Other nearby occupiers on the Park include Manpower, Berghaus, TSB, WeSwitch and The Institute for Automotive & Manufacturing Advanced Practice.
The property comprises a detached office of brick construction beneath a pitched tiled roof, set within a landscaped site. The building is divided as two separate units, which benefit from 50 car parking spaces, providing a ratio of 1:27 sq m / 296 sq ft. The building is entirely let to Nissan Trading Europe Limited and Avant Homes (England) Limited generating a total income of £124,700 per annum.
Earlier this year Avant Homes posted a 40% leap in operating profit in its annual results and reiterated a strategy to more than double its housebuilding to 4,000 homes a year. The group produced an operating profit of £63.2m from a 21% rise in revenue to £446.9m for the year to 27 April.
If you would like more information on this investment acquisition or any other investments listed on our website please contact Daniel Capobasso on 0191 269 7897 or email danielc@johnsontucker.co.uk. Please feel free to subscribe to our investment property mailing list to receive the latest investment opportunities.
