Map pinConcord Way Preston Farm Industrial Estate, Stockton-on-Tees, TS18 3RB, UK

Teeside Jaguar Land Rover, Concorde Way, Stockton on Tees

Teeside Jaguar Land Rover, Concorde Way,  Stockton on Tees_Property for Sale

Attributes

Asking price
€6,988,000
Building area net
2,302 sm
Occupancy
100%
Year built
2006

Asset description

Teesside Jaguar Landrover - Investment Sale

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Investment highlights

  • Located in Stockton on Tees, the property occupies a prominent site fronting the A135.
  • Dominant car dealership location with brands including Mercedes, BMW, Audi and Volvo.
  • Purpose built car showroom, comprising 24,780 sq ft (2,302 sq m) with 250 car spaces.
  • Operated by one of the UK’s largest dealership groups and let to subsidiary Reg Vardy (Property Management) Ltd with a parent company guarantee from Pendragon Newco 2 Limited with 7.5 years term certain.
  • Current rent of £484,514 per annum (£19.55 per sq ft).
  • Annual RPI rent reviews capped at 2.77% per annum.
  • Site area of approximately 3.56 acres (1.4 ha), representing a site density of 16%.
  • Freehold.


Teeside Jaguar Land Rover, Concorde Way,  Stockton on Tees 4_Property for Sale
Teeside Jaguar Land Rover, Concorde Way,  Stockton on Tees 4_Property for Sale
Teeside Jaguar Land Rover, Concorde Way, Stockton on Tees (0 Properties)

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Last updated
Jul 15, 2024