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Peugeot Car Showroom

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

£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 …

• 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%