A leading independent property consultancy with expertise covering a broad spectrum of property related services
• 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 …
• 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%
