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Peugeot Alma Pl 10,806 SF 100% Leased Retail Building Durham DH1 2HN $2,798,023 ($258.93/SF) 6.27% Cap Rate
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
Auto Dealership
Building Size
10,806 SF
Building Class
B
Year Built
1998
Price
$2,798,023
Price Per SF
$258.93
Cap Rate
6.27%
NOI
$175,436
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.73 AC
Parking
34 Spaces (3.15 Spaces per 1,000 SF Leased)
Frontage
120’ on Alma Pl
AMENITIES
- Energy Performance Rating - C
- Automatic Blinds
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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Peugeot | Alma Pl
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