Peugeot Car Showroom

Durham City Retail Park, Alma Place, Durham, DH1 2HN

Asking Price £1,800,000

• Main arterial route to the North East of Durham City Centre• Neighbouring occupiers include B&Q, Currys PC World, B&M, Lancaster Toyota, Evans Halshaw Renault• Accommodation of 10,808 sq ft with the benefit of 117 external car spaces on a site of approximately 1 acre (0.4 hectares) and a site density of 25%• Let to Sherwoods (Darlington) Limited who operate a Peugeot franchise from the site• FRI lease expiring 8 July 2030 (tenant break option 9 July 2025)• Passing rent of £140,000 p.a. (£12.95 psf)• Offers in excess of £1,800,000 exclusive• A purchase at this level would produce an attractive net initial yield of 7.32% after allowing for prevailing SDLT and acquisition costs of approximately 6.22%