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Dragonville Retail Park 5 Retail Properties Offered at $15,988,701 in Durham
INVESTMENT HIGHLIGHTS
- Excellent road, railway and air links
- Attractive WAULT of 4.5 years
- 400,000 people living within 20 minutes
EXECUTIVE SUMMARY
Increasingly popular historic cathedral city growing in both population and affluence.
Benefitting from excellent road communications, being situated approximately 1 mile to the west of the A1(M).
Dragonville Retail Park is prominently situated in an accessible location at the southern end of Dragon Lane in close proximity to Junction 62 of the A1(M).
Approximately 400,000 people live within 20 minutes of the Park.
Immediately adjacent to a large Tesco Extra and opposite the recently developed units occupied by Home Bargains, Lidl and The Range.
Retail park of approximately 100,000 sq ft split into 15 units ranging from 656 sq ft to 30,000 sq ft.
“Anchor tenants” include – Aldi (long leasehold), Iceland, T K Maxx and Matalan.
Other retailers include Greggs, Card Factory, Barnardo’s, Dominoes, Salvation Army and Poundstretcher.
Annual rent roll of £1,022,742 pa reflecting a low & affordable £10.24 per sq ft.
Attractive WAULT of 4.5 years.
Variety of asset management opportunities
Benefitting from excellent road communications, being situated approximately 1 mile to the west of the A1(M).
Dragonville Retail Park is prominently situated in an accessible location at the southern end of Dragon Lane in close proximity to Junction 62 of the A1(M).
Approximately 400,000 people live within 20 minutes of the Park.
Immediately adjacent to a large Tesco Extra and opposite the recently developed units occupied by Home Bargains, Lidl and The Range.
Retail park of approximately 100,000 sq ft split into 15 units ranging from 656 sq ft to 30,000 sq ft.
“Anchor tenants” include – Aldi (long leasehold), Iceland, T K Maxx and Matalan.
Other retailers include Greggs, Card Factory, Barnardo’s, Dominoes, Salvation Army and Poundstretcher.
Annual rent roll of £1,022,742 pa reflecting a low & affordable £10.24 per sq ft.
Attractive WAULT of 4.5 years.
Variety of asset management opportunities
PROPERTY FACTS
| Price | $15,988,701 | Number of Properties | 5 |
| Price / SF | $163.84 / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 97,586 SF |
| Sale Type | Investment | Total Land Area | 9.75 AC |
| Status | Active |
| Price | $15,988,701 |
| Price / SF | $163.84 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 97,586 SF |
| Total Land Area | 9.75 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| Dragon Ln, Durham DH1 2WP | Retail | 39,012 SF | 1980 | - |
| Dragon Ln, Durham DH1 2WP | Retail | 32,077 SF | 1980 | - |
| Dragon Ln, Durham DH1 2WP | Retail | 13,757 SF | 2006 | - |
| Dragon Ln, Durham DH1 2WP | Retail | 8,094 SF | 1997 | - |
| 8-11 Dragonville Ct, Durham DH1 2YB | Retail | 4,646 SF | 1985 | - |
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Dragonville Retail Park
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