Endeavour One 2 Victory Way

Discover a high-yielding office investment opportunity within Doxford International Park, Sunderland’s principal business park. Endeavour House offers flexible, Grade A office space in one of the North East's key business hubs. Arranged over three floors, this attractive property occupies a prominent position on the park's eastern side, close to the estate's main access point from the B1286 onto Admiral Way. Benefit from visible frontage onto the B1286 City Road, linking Doxford to the A19 to the west and Sunderland to the east.

The building has been 65% tenanted by powerhouse EDF Energy since its construction in 1995. EDF renewed in 2020 for a new 10-year lease with tenant-only break options in years three and five. The vendor has recently agreed to a subsequent agreement to remove these break options, leaving an attractive unexpired term of approximately 7.4 years. The company gained over 650,000 customer accounts in 2021 and boasts a 5A1 D&B Rating with a minimum risk of business failure, offering excellent investment security.

Seeking offers over £9,370,000, subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 10.25% and a low capital value of £83 per square foot, assuming purchaser's costs of 6.69%.