Offers in region of
£2,100,000
(£194.34/sq. ft)
Light industrial for saleAlma Place, Durham DH1
10,806 sq. ft
Under offer
About this property
Investment summary
• Prominently located car showroom investment in Durham
• Durham has an immediate population in excess of 50,000 and a county wide population in excess of 520,000
• Highly visible location immediately opposite Durham City Retail Park
• Nearby occupiers include B&Q, Currys pc World, B&M, Argos, Boots, scs, kfc, and Pizza Hut.
• The local area forms a motor retail cluster, including Toyota and Renault, with Cooper bmw, Seat, Nissan, Mazda, and Skoda dealerships nearby.
• The excellent location may provide future opportunity for redevelopment, particularly for roadside uses.
• Comprising a 10,806 sq ft showroom with 117 car parking spaces on a site of approximately 1 acre
• The property is entirely let to Sherwoods Motor Group Limited (t/a Peugeot) at the passing rent of £140,000 per annum (only £12.95 psf) subject to 5 yearly upward only rent reviews to market rent.
• The next rent review is in July 2025 providing an early opportunity for rental growth
• According to CreditSafe (Jan-25) Sherwoods Motor Group Limited have a credit risk score of 78 – Very Low Risk and an International Risk Score of A – Very Low Risk.
• Prominently located car showroom investment in Durham
• Durham has an immediate population in excess of 50,000 and a county wide population in excess of 520,000
• Highly visible location immediately opposite Durham City Retail Park
• Nearby occupiers include B&Q, Currys pc World, B&M, Argos, Boots, scs, kfc, and Pizza Hut.
• The local area forms a motor retail cluster, including Toyota and Renault, with Cooper bmw, Seat, Nissan, Mazda, and Skoda dealerships nearby.
• The excellent location may provide future opportunity for redevelopment, particularly for roadside uses.
• Comprising a 10,806 sq ft showroom with 117 car parking spaces on a site of approximately 1 acre
• The property is entirely let to Sherwoods Motor Group Limited (t/a Peugeot) at the passing rent of £140,000 per annum (only £12.95 psf) subject to 5 yearly upward only rent reviews to market rent.
• The next rent review is in July 2025 providing an early opportunity for rental growth
• According to CreditSafe (Jan-25) Sherwoods Motor Group Limited have a credit risk score of 78 – Very Low Risk and an International Risk Score of A – Very Low Risk.
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Monthly repayment
£10,505 per month
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