Acting on behalf of a London based Fund Manager (Tritax Group Ltd), Johnson Tucker jointly disposed of this single let office investment in Seaham.

The modern office extends to 31,050 sq ft and is let to Telereal Trillium (trading as the Department of Work & Pensions) on a lease expiring on 05 December 2026 (break option in March 2018).

Asset management advice was provided prior to marketing and a re-gear was agreed to re-base the rent to ensure the property achieved best value. The property was sold for £1.147M in 2002.

For further information please contact Andrew Tucker