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Peugeot Alma Pl 10,806 sq ft 100% Let Retail Property Durham DH1 2HN £2,100,000 (£194.34/sq ft) 6.27% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominently located car showroom investment in Durham
- Nearby occupiers include B&Q, Currys PC World, B&M, Argos, Boots, SCS, KFC, and Pizza Hut
- The excellent location may provide future opportunity for redevelopment, particularly for roadside uses
- Highly visible location immediately opposite Durham City Retail Park
- The local area forms a motor retail cluster, including Toyota and Renault, with Cooper BMW, Seat, Nissan, Mazda, and Skoda dealerships nearby
EXECUTIVE SUMMARY
Offers in excess of £2,100,000, reflecting a net initial yield of 6.27% and assuming standard purchasers costs of 6.30%.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Car Dealership
Property Size
10,806 sq ft
Costar Property Class
B
Year Built
1998
Price
£2,100,000
Price per sq ft
£194.34
Yield
6.27%
NOI
£131,670
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.34
Total Plot Size
0.73 ac
Parking
34 Spaces (3.15 Spaces per 1,000 sq ft Leased)
Frontage
120 ft on Alma Pl
AMENITIES
- EPC - C
- Roller Shutters
- Storage Space
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NEARBY MAJOR RETAILERS
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Peugeot | Alma Pl
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