Delta Capital Property Investment announced the successful off-market completion of the sale of Market Dock, a prime, fully-let freehold office investment in South Shields.

The property generates a total rental income of £62,927.50 per annum and is fully occupied by four strong tenants, all rated as 'Low Risk' or 'Very Low Risk' by CreditSafe as of January 2025.

The asset’s appeal was underpinned by its high net initial yield of 10.80% and a low capital value of £78.72 per square foot. A key attraction for the purchaser was the excellent opportunity to add value by potentially breaking up the property and selling the units individually in the future. This strategy is supported by recent vacant possession sales of other individual units within the development at values up to £100.00 psf.

The property is strategically located within easy walking distance of South Shields town centre, the Metro station, and the Ferry Landing.

The sale was concluded at the asking price of £550,000 reflecting a net initial yield of 10.80%.