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7 Invention Row
Darlington DL2 2GZ
Retail Property For Sale
Investment Highlights
- Prime roadside foodstore investment in Darlington, County Durham, located directly off Junction 58 of the A1(M).
- Total GIA extending to 16,006 sq ft. with 56 car parking spaces.
- Fully let to Marks & Spencer plc on a 20 year lease from 19th June 2018 with a tenant break option on 19th June 2033, providing an attractive 12.7 years to expiry and 7.7 years to break.
- Marks & Spencer plc hold a D&B rating of 5A2 and Equivalent Bond rating of BBB, reporting £12.9 billion turnover in 2024 alongside profit of £686 million.
- Freehold.
- Modern purpose-built foodstore constructed alongside West Park Garden Village, a significant residential development spanning 200 acres with planning to deliver 1,200 homes.
- Site area of 0.95 acres providing a low site cover of 28.43%.
- The lease is subject to five yearly OMR reviews, subject to a cap of 2.5% per annum. The next review is due in June 2028.
- Current passing rent is £200,000 per annum reflecting a low £12.50 per sq ft.
Property Facts
Property Type
Retail
Property Subtype
Standalone
Property Size
16,006 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
2018
Tenancy
Single
Number of Floors
1
Plot ratio
0.39
Total Plot Size
0.95 ac
Parking
56 Spaces (3.5 Spaces per 1,000 sq ft Leased)
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