Spectrum 6 sold

Spectrum 6 sold

The three storey Spectrum 6 at Spectrum Business Park, Seaham, has been sold for £1.8m.

The building is home to The Great Annual Savings Company, County Durham Housing Group and Business and Enterprise Commercial (including BQ).

Spectrum 6, comprising 41,184sq ft, is fully let floor by floor, and the sale price represents a net initial yield of 9.35% post-purchaser’s costs. Bilfinger GVA secured the sale for Regent Capital.

Spectrum Business Park, the developer, and Regent Capital have also secured a further letting on the park to Res Q contact centre, which has initially leased 20,000sq ft in Spectrum 3.