Sunderland Bridges
The Bridges, Sunderland, Tyne & Wear, SR1 3DR, UK
SGD 64,255,000 | 55,277 m²
Attributes
Asking price
SGD 10,085,000
Building area net
2,302 m²
Occupancy
100%
Year built
2006
Asset Description
Teesside Jaguar Landrover - Investment Sale
...
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.
Media
Teeside Jaguar Land Rover, Concorde Way, Stockton on Tees (0 Properties)
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Last updated
14 Jun 2024